Argo estimates Q4 cat losses of $20-25m

Argo Group International Holdings has said it estimates that its preliminary pre-tax losses from catastrophes will be $20 million to $25 million, net of reinsurance and reinstatement premiums for the three-month period ended December 31, 2016.

Catastrophe losses in the quarter are primarily related to Hurricane Matthew and other events, including the New Zealand earthquake and the late reporting of losses from prior quarter catastrophes, it said.

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