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.
Worst Start to Wildfire Season Raises Alarm as El NiƱo Threatens
US Efforts to End Iran War Stumble as Ship Seized Near UAE
Most Are Overcharged for Property Insurance, Vanderbilt Study Says
High-Powered Dads Are Spending Less Time at Work, More on Childcare 

