Bermuda
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Hamilton reported a $30mn-$70mn net estimate for Hurricane Milton losses. -
Hurricane Milton is estimated to have a net negative impact of $275mn on Q4 results.
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The company has written over $100mn in gross premium in the US this year.
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The combined ratio included 17 points of catastrophe losses in the third quarter.
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Losses were attributed to the Taiwan earthquake and flooding in Middle East and Europe.
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The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
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The carrier booked $30.6mn of favourable development in the quarter.
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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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The company’s reshaping of the book will be substantially completed by year end.
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