The Hanover pegs Q1 cat hit at up to $76mn

The Hanover Insurance Group estimated its net pre-tax
catastrophe losses at between $66mn and $76mn, or 5.5 percent of
its earned premiums for the first quarter.
The figure reflected winter storms in the Midwest and Northeast
in January and last month, the Worcester, Massachusetts-based
carrier said late today. It also includes favourable development of
approximately $9.5mn on earlier cat losses, mainly tied to last
year's hurricanes and California wildfires.
The estimated losses exceeded the in