23 February 2018

Search archive

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...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.