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US catastrophe losses continue to be a major theme of the third quarter reporting season, with Montpelier Re, Aspen and Allied World all pre-announcing their cat losses for the period, with mixed fortunes.

Bermudian cat specialist Montpelier Re has taken third quarter cat losses of $70mn, or 4.3 percent of H1 shareholders' equity, driven primarily by US loss activity during the quarter.

Aspen took a relatively modest $41mn hit in the three months to 30 September (1.3 percent of equity),...

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