Chubb tops Street views even as it falls to a loss
Chubb posted a third quarter operating loss that was
significantly better than Wall Street estimates despite $1.893bn in
net pre-tax catastrophe losses in the period.
The giant insurer formed by the combination of Switzerland-based
Ace and New Jersey's Chubb said late today that it fell to an
operating loss of $60mn, or $0.13 a share, for the quarter.
A consensus of analysts' views called for a $0.24 per share
loss, according to a MarketWatch compilation of 19 estimates.
Excluding cat...
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