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Market Cap £6.21bn
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FACTBOX-Insurers and reinsurers count the costs of recent hurricanes, quakes

Thu 5th October, 2017 11:47am
(Adds Renaissancere Holdings, Zurich Insurance Group and 
Farmers Re) 
    Oct 5 (Reuters) - Losses from Hurricane Maria and other 
recent 2017 natural catastrophes, including hurricanes Irma and 
Harvey, the Mexico City earthquakes and other events, have led 
global insurers and reinsurers to issue profit warnings. 
    Below are statements from insurers and reinsurers in the 
wake of the catastrophes (in alphabetical order): 
    
ALLSTATE 
Allstate Corp  ALL.N , the second-largest U.S. homeowners' 
insurer based on premiums collected, estimated pre-tax 
catastrophe losses of $593 million, net of reinsurance 
recoveries, for August.  urn:newsml:reuters.com:*:nPn57RJ6Da 
         
BEAZLEY 
Lloyd's of London insurer Beazley  BEZG.L  said losses from 
hurricanes Harvey, Irma and Maria and a series of earthquakes in 
Mexico would reduce its 2017 earnings by about $150 million. 
 urn:newsml:reuters.com:*:nL8N1MA0WE 
     
CHUBB 
U.S. property and casualty insurer Chubb Ltd  CB.N  estimated 
after-tax losses of up to $1.28 billion from hurricanes Harvey 
and Irma. It expects insured losses of about $520 million from 
Harvey and $640 million to $760 million from Irma after tax. 
 urn:newsml:reuters.com:*:nL4N1M859I 
    The world's largest listed property and casualty insurer 
estimated the maximum net insurance and net reinsurance losses 
related to Hurricane Maria would be about $200 million after tax 
for the third quarter.  urn:newsml:reuters.com:*:nL4N1MD3AF   
     
HANNOVER RE  
German reinsurer Hannover Re  HNRGn.DE  said it could miss its 
2017 profit target because of claims from the natural disasters, 
its first such warning since the 2008 financial crisis. 
 urn:newsml:reuters.com:*:nL5N1M20OF  urn:newsml:reuters.com:*:nFWN1M10WC 
     
HCI GROUP 
HCI Group's  HCI.N  principal operating subsidiary, Homeowners 
Choice Property & Casualty Insurance, a provider of home 
insurance in Florida, issued a preliminary estimate indicating 
its losses related to Hurricane Irma would be $100-$300 million. 
 urn:newsml:reuters.com:*:nASB0BJXM  
     
HISCOX 
Lloyd's of London underwriter Hiscox Ltd  HSX.L  estimated it 
would face net claims totalling about $225 million from Harvey 
and Irma.  urn:newsml:reuters.com:*:nL8N1MD0TH  urn:newsml:reuters.com:*:nL5N1LZ1LH 
     
LLOYD'S OF LONDON  
Lloyd's of London  SOLYD.UL  expects net losses of $4.5 billion 
from hurricanes Harvey and Irma, which analysts said would eat 
into the insurer's capital and hit its profitability. Lloyd's 
80-plus syndicates have already paid out more than $160 million 
in claims from Harvey and more than $240 million from Irma. 
 urn:newsml:reuters.com:*:nL8N1M9173 
     
MAIDEN HOLDINGS  
Maiden Holdings Ltd  MHLD.O  said it expected a net impact from 
Harvey on its third-quarter results of $6-$18 million and $2-$13 
million from Irma.  urn:newsml:reuters.com:*:nFWN1M90M3  
     
MAPFRE  
Spain's Mapfre SA  MAP.MC  said the size and frequency of 
hurricanes in the Caribbean and earthquake in Mexico would imply 
a net cost of between 150-200 million euros on its attributable 
result for the year.  urn:newsml:reuters.com:*:nFWN1M60SZ  urn:newsml:reuters.com:*:nL8N1M65LG 
     
MUNICH RE 
Germany's Munich Re  MUVGn.DE  warned it could miss its profit 
target this year, the first major reinsurer to flag a hit to 
earnings from damage caused by hurricanes Harvey and Irma. 
 urn:newsml:reuters.com:*:nL5N1LU5WO 
     
PROASSURANCE CORPORATION  
Proassurance Corp  PRA.N  estimated net pretax losses from 
hurricanes Harvey, Irma and Maria to be about $7.5 million. 
 urn:newsml:reuters.com:*:nFWN1MD0DR 
     
QBE INSURANCE GROUP  
Australia's biggest insurer, QBE Insurance Group  QBE.AX , 
revealed a $600 million earnings hit on its business from 
hurricanes in the Atlantic and earthquakes in Mexico. 
 urn:newsml:reuters.com:*:nL4N1MD4Z5 
 
RENAISSANCERE 
RenaissanceRe Holdings Ltd  RNR.N  said its initial estimates 
pointed to $625 million of "net negative impact" from hurricanes 
Harvey, Irma and Maria and the Mexico City earthquake. 
 urn:newsml:reuters.com:*:nBw8gZQjwa  urn:newsml:reuters.com:*:nFWN1MF0GN      
 
RLI CORP  
Specialty insurer RLI Corp  RLI.N  said it expects third-quarter 
pretax losses of $30-$40 million from Harvey and Irma, net of 
reinsurance.  urn:newsml:reuters.com:*:nASB0BL07 
     
RSA INSURANCE 
British motor and home insurer RSA  RSA.L  said its UK business 
would see catastrophe losses from the U.S., Caribbean and 
Mexico, impacting September results in the marine and 
international portfolios.  urn:newsml:reuters.com:*:nFWN1M60PX  
     
SCOR 
French reinsurer Scor  SCOR.PA  said hurricanes Harvey and Irma 
are expected to represent an earnings event rather than a 
capital event in the third quarter.  urn:newsml:reuters.com:*:nFWN1M70K8 
     
TALANX 
German insurer Talanx  TLXGn.DE  warned it may miss its profit 
target for 2017 as its reinsurer Hannover Re is being hit by 
major claims from a series of hurricanes and an earthquake in 
Mexico.  urn:newsml:reuters.com:*:nFWN1M10WD  
     
ZURICH INSURANCE GROUP 
Zurich Insurance Group  ZURN.S  said that Farmers Re faced a hit 
of no more than $20 million in the second half from catastrophes 
such as hurricanes Irma and Harvey.  urn:newsml:reuters.com:*:nFWN1ME0K5   
 
 (Compiled by Noor Zainab Hussain in Bengaluru; Editing by Jason 
Neely, Greg Mahlich) 
 ((noor.hussain@thomsonreuters.com; Within UK +44 20 7542 1810; 
Outside UK +91 80 6749 2764; Reuters Messaging: 
noor.hussain.thomsonreuters.com@reuters.net)) 
 
Keywords: INSURANCE CATASTROPHE/OUTLOOK
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