Chubb announces nat cat loss for Q4

Chubb’s preliminary fourth quarter results for 2018 show a net catastrophe loss estimates related to the California wildfires of approximately $225m pre-tax ($195m after tax). The California wildfires are estimated by modellers like CoreLogic to account for some $20bn in losses. Earlier this week, AIR put the loss for just the smaller of the two California fires at “at least” $2.5bn.

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