MS&AD estimates Q3 cat losses at up to $976mn

MS&AD has estimated pre-tax losses from HIM and recent
Mexican earthquakes at 70bn yen to 110bn yen ($621mn-$976mn) in the
third quarter and warned that its fiscal year 2018 profit forecast
was under review.
The figure covers cat losses sustained in North America in
August and September by all group entities.
It issued a 15bn yen to 25bn yen loss range for Hurricane
Harvey, a 30bn yen to 50bn yen range for Irma, and a 20bn yen to
25bn yen...