XL puts Q3 cat loss at $1.48bn

XL Group put its pre-tax losses for the third quarter at
$1.48bn, net of reinsurance.
The Bermuda-based (re)insurer tied $1.33bn of the losses to
Hurricanes Harvey, Irma and Maria, in a statement released late
today. Overall, the losses were divided evenly between XL's
insurance and reinsurance segments.
On an after-tax basis, XL said the losses for the quarter would
be approximately $1.35bn.
"Our estimated losses are largely in line with our
expectations," CEO Mike McGavick said.
Pre-tax losses