Aspen pegs cat loss at $360mn, underwriting at $340mn
Aspen anticipates booking $360mn in pre-tax catastrophe losses
for the third quarter, including the three major hurricanes that
affected the US and Caribbean as well as other events, and said it
expects to report a $340mn underwriting loss for the period.
The loss estimates are net of reinsurance recoveries and
reinstatement premiums and include the two major earthquakes in
Mexico during the quarter, the Bermuda-based carrier said late
today.
Hurricanes Harvey, Irma and Maria accounted for $110m
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