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Home>Chubb sees net losses from Hurricane Maria of $200 million

Chubb sees net losses from Hurricane Maria of $200 million

Chubb sees net losses from Hurricane Maria of $200 million

10/02/2017

Chubb Ltd. (CB) on Monday outlined its expected insurance and reinsurance losses from recent catastrophes, saying it expects net losses from Hurricane Maria of $200 million. The insurer is expected net losses from the Mexico earthquake of $24 million. Net losses from other catastrophes in the third quarter are expected to come to $86 million. Shares were not yet active premarket, but have gained 7.8% in 2017, while the S&P 500 has gained 12.5%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

10-02-17 0809ET

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