Arch capital group ltd. provides earnings forecast for the third quarter 2019

Arch capital group ltd. provided earnings forecast for the third quarter 2019. for the quarter, arch capital group ltd. expects to report pre-tax catastrophe losses of approximately $65 million to $75 million, net of reinsurance recoveries and reinstatement premiums. these losses are primarily from hurricane dorian and typhoon faxai. at this time, there are significant uncertainties surrounding the scope of damage for these events, as well as the other global events. the company’s estimate for these events is based on currently available information derived from modeling techniques, industry assessment of exposure, preliminary claims information obtained from the company’s clients and brokers to date and a review of in-force contracts.
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