The world’s largest publicly traded property and casualty insurer has released its net catastrophe loss estimates for the fourth quarter of 2019.
Chubb Limited said the numbers stand at US$430 million (around NZ$650 million) pre-tax and US$353 million (around NZ$533 million) after tax. Net of reinsurance, the estimates include reinstatement premiums and comprise losses generated from Chubb’s commercial and personal P&C insurance businesses as well as its global reinsurance operations.
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