21 October 2017

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XL Group reveals $1.48bn Q3 cat loss

12 October 2017

XL Group issued a preliminary estimate of $1.48bn for third quarter catastrophe losses yesterday (11 October).

The (re)insurance group said around $1.33bn of the losses were related to Hurricanes Harvey, Irma and Maria.

XL said the preliminary estimates were pre-tax and net of reinsurance, reinstatement and adjustment premiums and redeemable non-controlling interest.

On an after-tax basis, it said Q3 cat losses totalled around $1.35bn.

The company added that Irma contributed approximately 40 percent ($592mn) to the overall loss estimate, while...


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