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Argo Group estimates pretax cat losses of $25M in Q3

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Argo Group estimates pretax cat losses of $25M in Q3

Argo Group International Holdings Ltd. expects preliminary pretax catastrophe loss of about $25 million, net of ceded reinsurance recoverables and reinstatement premium, for the third quarter.

The estimate also includes losses related to certain aggregate excess of loss contracts. Catastrophe losses are related primarily to Hurricane Florence, Typhoon Jebi and other catastrophe and weather-related events during the period.