Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Validus likely to incur more than $400 million of net loss from hurricanes, quake

October 11, 2017 Reprints

Bermuda-based insurer and reinsurer Validus Holdings Ltd. said that it expects to incur a net loss of nearly $413 million related to hurricanes Harvey, Irma and Maria, and the Mexico City earthquake, Artemis.bm reports. The net loss from hurricane Harvey is likely to total $146.4 million, hurricane Irma to amount to $163.2 million, hurricane Maria to $57.7 million and Mexico City earthquake to $11.6 million. Validus is likely to incur nearly $36 million of the total loss from its stake in insurance-linked securities and third-party reinsurance capital unit AlphaCat Managers Ltd.

Help

Validus likely to incur more than $400 million of net loss from hurricanes, quake

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources