Aspen Insurance (AHL) Sees Q2 Pretax Losses of ~$65M
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Go back to Aspen Insurance (AHL) Sees Q2 Pretax Losses of ~$65M
July 13, 2016 4:15 PM EDT
HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (Aspen) (NYSE: AHL) announced today an
initial estimate of approximately $65 million in pre-tax losses, net of
reinsurance and reinstatement premiums, related to natural catastrophes
in the second quarter of 2016. The estimated natural catastrophe losses
are attributed approximately 75% to the Reinsurance segment and
approximately 25% to the Insurance segment.
Within the estimate of Aspens natural catastrophe losses, the largest
events were the wildfires in Alberta, Canada (accounting for
approximately 50% of the total initial pre-tax loss estimate), a number
of weather-related events in the United States (approximately 36%), and... More
