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International

Intact Financial expects over $149 million in cat losses

January 15, 2024 Reprints

Canadian property and casualty insurer Intact Financial Corp. has estimated its pre-tax catastrophe losses at 200 million Canadian ($149 million), net of reinsurance, for the fourth quarter of 2023, Reinsurance News reported. The insurer said that it expects losses in its UK & Ireland business to contribute CAD152 million of losses, with CAD65 million of those losses being driven by two severe windstorms that took place in October, Storms Ciaran and Babet.

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Intact Financial expects over $149 million in cat losses

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