Arch Capital Group Ltd. said Tuesday that disaster losses before the third quarter of 2020 will range from $ 190 million to $ 210 million, including estimates of $ 10 million to $ 15 million for exposure to COVID-19 receivables, across its entire property / accident insurance and reinsurance segments; net after reinsurance recovery and repayment premiums.
The estimate includes losses from third-quarter catastrophic events including Hurricanes Isaias, Laura and Sally, the Midwest derecho gale and West Coast fires, but does not include potential losses from the mortgage insurance segment, Pembroke, Bermuda, the insurer's insurer and reinsurer.
Arch clarified that estimates of between $ 1
Arch added that "The Company's estimates of its insurance and reinsurance segments are based on currently available information," and "there are currently significant uncertainties regarding the ultimate number of claims and the extent of claims arising from these events."
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