13 December 2017

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Chubb: Californian wildfires to cost $280mn

30 November 2017

Chubb has estimated that losses as a result of the devastating recent Californian wildfires will cost it some $280mn before tax.

It added that the estimate is net of reinsurance, includes reinstatement premiums and comprises losses generated from the company's commercial and personal property and casualty insurance businesses as well as its reinsurance operations.

The insurer added that expected Q4 2017 catastrophe losses to date are some $320mn before tax.

Several wineries in northern California sustained total or very significant...


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