third quarter News

As a result of the severe drought conditions in the Midwest United States, Allied World Assurance Company Holdings, AG expects to record approximately $40 million of crop reinsurance related losses and loss expenses in the third quarter 2012. This amount …

Property insurer Chubb Corp Wednesday warned it would report up to $475 million in pretax catastrophe losses in the third quarter, most of it coming from late August’s Hurricane Irene. Chubb said $300 million to $375 million of the $400 …