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Enstar Group estimates $39M in Q3 cat losses

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Enstar Group estimates $39M in Q3 cat losses

Enstar Group Ltd. has estimated that consolidated combined catastrophe underwriting losses for the third quarter are $39 million because of its ownership interests in StarStone Insurance Bermuda Ltd. and Atrium Underwriting Group Ltd.

Enstar owns a 59% interest in each of the two companies.

These catastrophe losses resulted from hurricanes Harvey, Irma and Maria, net of reinsurance recoveries and after allocations to noncontrolling interests. Enstar's estimates are based on claims received to date and industry assessments of damages and exposure.