Chubb third quarter losses top £300m
Insurer Chubb has estimated its total losses from third quarter catastrophes, primarily Hurricane Katrina, to be approximately $600m before tax (£340m). This amount includes estimated losses and loss expenses net of reinsurance recoverable, reinsurance reinstatement premiums and Chubb’s share of losses attributable to its minority interest in Allied World Assurance.
As previously announced, Chubb expects to issue its earnings release with third quarter results on October 25.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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