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Hanover Insurance estimates up to $225M pretax Q3 catastrophe losses

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Hanover Insurance estimates up to $225M pretax Q3 catastrophe losses

Hanover Insurance Group Inc. estimates third-quarter catastrophe losses to be between $185 million and $225 million pretax and net of reinsurance.

The estimate includes expected losses from hurricanes Harvey, Irma and Maria; the two earthquakes in Mexico; and other catastrophe activity during the quarter.

Losses from the company's international specialty group, Chaucer, are expected to be $115 million to $135 million pretax and net of reinsurance. The largest losses are from hurricanes Harvey and Irma, mainly in the treaty, direct property, marine and energy lines.

Losses in the domestic business are expected to be $70 million to $90 million pretax and net of reinsurance, mostly in the commercial lines business and largely from Hurricane Harvey.