Chubb says Harvey-Irma losses up to $1.6bn

Global (re)insurer Chubb has put out preliminary loss estimates
for third quarter hurricanes Harvey and Irma with a combined upper
range of $1.6bn before tax.
The Zurich-headquartered carrier said its insured losses from
Hurricane Harvey are currently estimated at $650mn pre-tax, or
$520mn after tax.
Meanwhile, losses for Hurricane Irma are expected to come in
higher, with a range of $800mn to $950mn before tax, or $640mn to
$760mn after tax.
The estimates are net of reinsurance and include rein