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ACGLP - Arch Capital News Story

$25.45 -0.1  -0.2%

Last Trade - 8:30pm

Sector
Financials
Size
Large Cap
Market Cap £11.77bn
Enterprise Value £14.47bn
Revenue £6.00bn
Position in Universe 696th / 6855

BRIEF-Arch Capital Group Ltd Announces Catastrophe Loss Estimates

Fri 16th April, 2021 1:57pm
April 16 (Reuters) - Arch Capital Group Ltd  ACGL.O :
    * ARCH CAPITAL GROUP LTD. ANNOUNCES CATASTROPHE LOSS
ESTIMATES
    * ARCH CAPITAL GROUP - ESTIMATED PRETAX NET CATASTROPHE
LOSSES OF
$180 MILLION TO $190 MILLION ACROSS PROPERTY CASUALTY INSURANCE
& REINSURANCE SEGMENTS IN  Q1
    * ARCH CAPITAL GROUP LTD - RANGE OF ESTIMATES IS ALMOST
ENTIRELY
FOR NATURAL CATASTROPHE EVENTS THAT OCCURRED IN Q1
    * ARCH CAPITAL GROUP LTD - INITIAL ESTIMATES FOR WINTER
STORMS URI
AND VIOLA ARE BASED ON A RANGE OF INDUSTRY INSURED LOSSES OF $14
BILLION TO $16 BILLION
    * ARCH CAPITAL GROUP - LOSSES ARE CURRENTLY EXPECTED TO BE
SPLIT
ABOUT 80%/20% BETWEEN COMPANY'S REINSURANCE AND INSURANCE
BUSINESSES, RESPECTIVELY

Source text for Eikon:  ID:nBwbfFb2ka 
Further company coverage:  ACGL.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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