The Hartford estimates Ida claims will fall short of reinsurance trigger: CFO Costello
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

The Hartford estimates Ida claims will fall short of reinsurance trigger: CFO Costello

James Thaler
13 September 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
The Hartford logo with hurricane Ida satellite.jpg

The Hartford CFO Beth Costello told investors on Monday that the company expects claims from Hurricane Ida to cost it around $200mn and that the event was unlikely to reach its catastrophe reinsurance program.

The executive was speaking at the Barclays investment conference and gave the first public preliminary estimate by a major commercial carrier.

“We're

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsThe Hartford
JT
James Thaler
Gift this article