Chubb reports $270m cat hit in Q1 2011
Chubb has reported that the impact of catastrophes in the first quarter of 2011 was $270m (£164m) before tax. This figure includes the winter storms in the US, flooding in Australia, and earthquakes in New Zealand and Japan.
In the first quarter of 2010, the impact of catastrophes was $344m before tax.
The announcement came as Chubb reported net income in the first quarter of 2011 of $509m compared to $464m in the first
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