Aspen Q3 losses better than expected: Buckingham Research

Aspen's Q3 pre-tax cat loss disclosure has come in far lower
than expected, despite "considerable trepidation" on the
size of the loss, equity analysts at Buckingham Research Group have
said.
After market close yesterday, Aspen announced it would book$360mn in pre-tax catastrophe losses for the third quarter,
which included the three major hurricanes that affected the US and
Caribbean as well as other events.The events will result in a Q3 underwriting loss of $340mn.
In a note following...