Greenwich, Conn.-based insurer W. R. Berkley Corp. is estimating Q3 catastrophe losses in the range of $50 million to $60 million, before tax. The loss estimate is net of reinsurance recoveries and is inclusive of reinstatement premiums.
The company is scheduled to release the latest quarterly results on Oct. 26.
A number of other p/c insurers have been releasing their third-quarter cat loss estimates. The Chubb Corp. said it is estimating $400 million to $475 million in losses pre-tax. Selective Insurance is estimating $70 million pre-tax for its cat losses. Specialty insurer Assurant said it is estimating $80 million to $85 million before tax in cat losses for its latest quarter.
W. R. Berkley operates in five segments of property/casualty insurance: specialty insurance, regional p/c insurance, alternative markets, reinsurance and international. Its specialty business insurance offers coverage for clients including National Football League teams.
Topics Profit Loss Property Casualty
Was this article valuable?
Here are more articles you may enjoy.
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar 
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
