trending Market Intelligence /marketintelligence/en/news-insights/trending/NNgOTWls-tPC8ugSDBNB1A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

RenaissanceRe expects Q3 net negative impact of $625M from cat events

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February


RenaissanceRe expects Q3 net negative impact of $625M from cat events

RenaissanceRe Holdings Ltd. estimated an initial net negative impact of $625 million from the recent round of hurricanes to hit the U.S. and an earthquake in Mexico City.

For the third quarter, the company said it anticipates a net negative impact of about $225 million from Hurricane Harvey, which devastated parts of southeastern Texas and Louisiana. Hurricane Irma, which hit the Caribbean and Florida, is expected to have caused a net negative impact of about $175 million on the company's third-quarter results.

The company also said it expects a collective net negative impact of about $225 million from Hurricane Maria and the earthquake that hit Mexico City.