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Stock impact report

Arch Capital Group Ltd. Announces Catastrophe Loss Estimates

Arch Capital Group Ltd. (ACGL) 
Last arch capital group ltd. earnings: 2/11 04:31 pm Check Earnings Report
Company Research Source: Business Wire
Estimated pretax net catastrophe losses of $180 million to $190 million across the property casualty insurance and reinsurance segments in the 2021 first quarter.Range of estimates is almost entirely for natural catastrophe events that occurred in the first quarter. PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. [NASDAQ: ACGL; “the Company”] reports that its 2021 first quarter results will be negatively impacted by the effects of North American winter storms Uri and Viola that occurred in February, as well as from other minor global events. As a result, the Company has established a range of pretax catastrophe losses of $180 million to $190 million in the 2021 first quarter across its property casualty insurance and reinsurance segments, net of reinsurance recoveries and reinstatement premiums. Included in these estimates is a de minimis amount for ongoing exposure to COVID-19 global pandemic claims in the current accident quarter.The initial estimates for winter storm Show less Read more
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