For the third quarter of 2019, Arch Capital Group has estimated that it will see pre-tax catastrophe losses between US$65 million and US$75 million, net of reinsurance recoveries and reinstatement premiums.
The Bermuda-based company said in its latest release that the catastrophe losses were primarily from Hurricane Dorian and Typhoon Faxai. Arch also mentioned that, currently, there are “significant uncertainties” surrounding the extent of the damage of both disaster events, as well as other global incidents that occurred during the third quarter.
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