Mapfre warns its cat bill may reach EUR200mn

Mapfre has warned investors that it is facing net costs of up to
EUR200mn ($236.8mn) from a string of hurricanes and earthquakes
that have plagued the industry in recent weeks.
The Spanish (re)insurer said a preliminary estimate indicated that
recent natural disasters in North America and the Caribbean would
cost the company between EUR150mn and EUR200mn against its annual
results.
It blamed the "exceptional size and frequency" of the
events as it warned that the effects on both its primary...