The Hanover Insurance Group and State Auto Financial Corp have become the latest US insurers to pre-announce Q2 cat losses driven by the inclement weather in the period.
The Hanover - which owns Lloyd's (re)insurer Chaucer - said that it expects to take $70mn to $77mn in pre-tax cat losses in its US domestic business when it announces its Q2 financials at the start of August.
The burden was primarily driven by severe hail and wind storm losses from 11...
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