Cat losses dominate early Q2 reporting, with reinsurance, convective storms and rates in focus
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Cat losses dominate early Q2 reporting, with reinsurance, convective storms and rates in focus

Thorsten Schier
July 25, 2023
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Second-quarter earnings started off with a bang – or more appropriately given hail’s big impact this period – a dull thud, when it came to catastrophe losses.

Thursday morning, commercial lines bellwether Travelers reported a $1.5bn cat hit, as personal lines insurer Allstate reported $1bn in June losses and regional carrier The Hanover warned of a $262mn Q2 cat impact.

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Topics

News Travelers Allstate The Hanover Marsh McLennan Claims and losses Earnings
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Thorsten Schier
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