Arch estimates catastrophe losses up to $165m – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Arch estimates up to $165m of catastrophe losses

Arch Capital Group Ltd has estimated pretax catastrophe losses of $155 million to $165 million for the fourth quarter across its property casualty insurance and reinsurance segments.

It said its results have been negatively impacted by a set of catastrophe events, including hurricanes Delta and Zeta.

Included in the range of loss estimates is an update to the company’s ongoing exposure to Covid-19 global pandemic claims, which it said are essentially unchanged from the estimate previously disclosed by a quarterly report for the nine months ended September 30.

Bermudian-based Arch is scheduled to report its fourth quarter results on February 9.

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Published January 22, 2021 at 12:35 pm (Updated January 22, 2021 at 12:39 pm)

Arch estimates up to $165m of catastrophe losses

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