Arch Capital Group Ltd. Announces Catastrophe Loss Estimates
Arch Capital Group Ltd. (ACGL)
Last arch capital group ltd. earnings: 2/11 04:31 pm
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US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=103577
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Source: Business Wire
Estimated $65 to $75 million losses related to 2019 third quarter catastrophic events. PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. [NASDAQ: ACGL] today announced it expects to report third quarter 2019 pre-tax catastrophe losses of approximately $65 million to $75 million, net of reinsurance recoveries and reinstatement premiums. These losses are primarily from Hurricane Dorian and Typhoon Faxai. At this time, there are significant uncertainties surrounding the scope of damage for these events, as well as the other global events. The Company’s estimate for these events is based on currently available information derived from modeling techniques, industry assessment of exposure, preliminary claims information obtained from the Company’s clients and brokers to date and a review of in-force contracts. Actual losses from these events may vary materially from the estimates due to the inherent uncertainties in making such determinations. The loss estimates exclude the ope
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ACGL
Earnings
- 10/30/24 - Beat
ACGL
Sec Filings
- 12/20/24 - Form 8-K
- 12/16/24 - Form 4
- 12/12/24 - Form 4
- ACGL's page on the SEC website