Argo estimates $20-25mn Q4 cat losses

Argo Group has becoming the latest (re)insurer to preannounce
fourth quarter cat losses ahead of the start of the reporting
season this month.
The Bermudian said it expects pre-tax losses from catastrophes
to be in the range of $20mn to $25mn for the period, net of
reinsurance and reinstatement premiums.
The company added that cat losses are primarily related to
Hurricane Matthew and other events that include the New Zealand
earthquake - as well as late reported losses from prior-quarter...