6 October 2017Insurance

Navigators expects up to $70m pre-tax nat cat loss

Specialty insurer Navigators Group said on Oct. 5 that its estimated financial impact from natural catastrophes in the third quarter ranges from $50 million to $70 million before taxes.

After taxes, the impact is expected at between $33 million and $45 million.

The estimates include potential claims from Hurricanes Harvey, Irma and Maria and the earthquakes in Mexico.

The estimates are subject to change due to the complexity of the events and preliminary nature of the information available. Updated loss estimates will be reflected in the company’s third quarter 2017 results when reported.

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More on this story

19 September 2017   Specialty insurer Navigators has appointed Charles Juarbe as head of Latin America and the Caribbean for NavPro as part of its expansion plan for the unit.
29 November 2017   Specialty insurance holding Navigators Group has promoted Michael McKenna to chief underwriting officer (CUO) for the US insurance segment.
4 December 2017   Navigators International, an underwriting segment of Navigators Group, has opened a new office in Madrid, Spain and appointed Carlos Peña Kaiser as country manager.