Liberty Mutual falls to Q2 underwriting loss

Liberty Mutual has posted a second consecutive Q2 underwriting
loss with a 101.4 percent combined ratio, although the result
marked a 1.2 percentage point improvement on the same quarter of
last year.
Canadian wildfires from May, the Ecuador earthquake, severe
storms in the US and Cyclone Winston all contributed to $832mn of
losses from catastrophe events, adding 10.2 points to the
Boston-based insurer's combined ratio.
Despite this, the claims ratio was 0.3 percentage points better
year-on-year