02-10-2017 20:25 via insuranceinsider.com

ProAssurance expects $7.5mn in hurricane losses

ProAssurance has estimated pre-tax net losses from hurricanes
Harvey, Irma and Maria at $7.5mn.
The figure is net of reinsurance and reinstatement premiums, the
Birmingham, Alabama-based carrier said today.
The losses sit within ProAssurance's Lloyd's syndicate
segment and result from its 58 percent participation in the
business written by Dale Underwriting Syndicate 1729.
The results of ProAssurance's participation in Syndicate
1729 are normally reported on a one-quarter lag, but ProAssurance
w
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