RenaissanceRe warned that net losses from a trio of Atlantic hurricanes as well as a duo of earthquakes that rocked Mexico are likely to total around $625mn.
Lloyd's posted a better combined ratio for the first half of 2017 than for the prior-year period, but this wasn't enough to prevent a drop in pre-tax profits.
With the third quarter now in the books and (re)insurers obliged to quantify their losses for investors during reporting season, a number have started to pre-announce their expected share of the glut of cat losses.
(Re)insurance stocks climbed by 3.8 percent in the third quarter to hint at investor confidence in carrier balance sheets, despite an onslaught of natural catastrophes that threaten to wipe out the year's reinsurance premium intake.
