Cincinnati predicts up to $114mn in Q3 cat losses

Cincinnati Financial has announced that it expects to take
pre-tax catastrophe losses of $102mn to $114mn in the third
quarter.
This is equivalent to up to 1.5 percent of shareholders'
equity as at the end of June this year, and an 8.6 to 9.6
percentage point impact on the combined ratio. Cincinnati said its
10-year Q3 historical average contribution from cat losses was 4.8
points.
The company estimated its third quarter P&C combined ratio
will be in the range of...