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Risk Management

Chubb estimates after-tax cat losses of $156M

Bill Kenealy

July 10, 2013 Reprints

Catastrophes P/C Insurers Chubb Canada More + Less -

Chubb Corp. said it estimates catastrophe-related losses to be about $240 million before tax, or $156 million after tax, in the second quarter of 2013.

The Warren, N.J.-based insurer said Tuesday that about $175 million of the pretax losses came from catastrophes in the United States, primarily from various severe storms in the central states. The $65 million in non-U.S. losses came mostly from the storms and flooding in southern Alberta, Canada, in June.

Chubb is scheduled to announce its second-quarter 2013 financial results after the stock market closes next Thursday.

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Chubb estimates after-tax cat losses of $156M

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