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.

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

Argo Group poaches Travelers exec as international chief underwriting officer

MS&AD reviews FY targets on potential $970m nat cat hit

Chubb makes new leadership appointments in NA major accounts

Swiss Re’s ReAssure attracts ₤800m investment from Japan

Gallagher replaces UK small business and personal lines leader

Hurricane Nate threatens Central America

The Hanover expects up to $225m cat hit

Soft market to continue in 2018 despite recent nat cat events

Austral Re seeks international growth with LatAm expansion

Willis Re develops placement platform with TigerRisk

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
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.
Insurance
29 November 2017   Specialty insurance holding Navigators Group has promoted Michael McKenna to chief underwriting officer (CUO) for the US insurance segment.
Insurance
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.