Everest Re estimated it will report $1.2bn in pretax catastrophe losses for the third quarter, net of reinsurance recoveries and reinstatement payments.
Specialty insurer Markel estimated it would have a pre-tax underwriting loss of $503mn for the third quarter, net of reinsurance recoveries, because of Hurricanes Harvey, Irma and Maria as well as the two major earthquakes in Mexico.
Recent company pre-announcements for Q3 catastrophe events have surprised the market, with some loss numbers coming in well above analysts' expectations.
