Chubb announces $430m cat loss for Q4 2019

Typhoon Hagibis was one of the biggest to hit Japan and struck many of the same areas recovering from Typhoon Faxai in September

Chubb has announced a net cat loss estimate of $430m for the fourth quarter of 2019 as it booked losses from wildfires in California, tornadoes in Texas, Typhoon Hagibis in Japan and civil unrest in Hong Kong and Chile. The figure falls to $353m after tax, with both totals net of reinsurance. The insurer said it would also book an…

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