Transatlantic unveils modest $35mn Q2 cat losses
Merger candidate Transatlantic Holdings has said it is expecting a modest $35mn charge from total net catastrophe events during the second quarter.
The preliminary estimate, which is net of tax and reinstatement premiums, is primarily attributable to severe tornado activity in the US during the period.
Transatlantic's disclosure pushes total announced US cat losses for the quarter towards the $7.5bn mark, according to data compiled by The Insurance Insider, with the majority of the hit taken by giant US primary...
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