Insight and Intelligence on the London & International Insurance Markets

20 April 2018

Search archive

The Hanover pegs Q1 cat hit at up to $76mn

Laura Sanicola 16 April 2018

The Hanover Insurance Group estimated its net pre-tax catastrophe losses at between $66mn and $76mn, or 5.5 percent of its earned premiums for the first quarter.

The figure reflected winter storms in the Midwest and Northeast in January and last month, the Worcester, Massachusetts-based carrier said late today. It also includes favourable development of approximately $9.5mn on earlier cat losses, mainly tied to last year's hurricanes and California wildfires.

The estimated losses exceeded the insurer's cat assumptions by more than...


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



Share:

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.

Π