The Chubb Corporation estimates its total losses from third quarter catastrophes, primarily Hurricane Katrina, to be approximately $600
million pre-tax ($390 million after-tax).
This amount includes estimated losses and loss expenses net of reinsurance recoverable, reinsurance reinstatement premiums and Chubb’s share of losses attributable to its minority interest in Allied World Assurance Co., Ltd.
Topics Profit Loss Chubb
Was this article valuable?
Here are more articles you may enjoy.
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
