Recent cat losses may mean Mapfre misses ROE targets

Re/insurer Mapfre has estimated that losses stemming from the recent natural disasters in North America and the Caribbean will cost it between €150 million and €200 million on its 2017 net result.

The company is also re-evaluating its expectations of fulfilling its ROE and combined ratio objectives for the 2016-2018 period, specifically the 11 percent average ROE and the 96 percent average combined ratio announced in March 2016.

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