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Intact Financial estimates C$124M in after-tax cat losses for Q3

Intact FinancialCorp. estimates its third-quarter catastrophe losses, net of reinsurance,to be about C$170 million on a pretax basis, C$124 million after tax or 95 Canadiancents per share.

The company said severe weather conditions during the summermonths led to numerous events involving hail, wind and rain. In aggregate, eightevents in the quarter met Intact Financial's catastrophethreshold of C$7.5 million mainly affecting the personal lines of business.