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$245m in fourth-quarter catastrophe losses for XL Catlin

  • Publish Date: Posted over 7 years ago

XL Group has published its preliminary net loss estimate in the fourth quarter of 2016 of approximately $245M relating to natural catastrophes. Losses contributing to this estimate include nearly $130M in net losses from Hurricane Matthew split evenly between Insurance and Reinsurance and approximately $75M in net losses from the recent earthquake activity in New Zealand, with approximately 75% of these losses in the Reinsurance segment. The rest of the catastrophe losses during the quarter impacted the Insurance segment and were the result of a number of smaller events in the fourth quarter and previous quarters of 2016.