Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, has pre-announced an estimated up to $345 million of catastrophe losses for the third-quarter, which it has based on an expected industry loss burden of at least $47 billion.
Arch Capital is the first of the Bermudian re/insurer’s to pre-announce its third-quarter catastrophe claims burden and the reasonably high figures give us an idea of what to expect, especially for some of the more property catastrophe focused players.
