Great-West Lifeco makes $100mn provision for Ian retro losses

19 October 2022

Massive destruction on Fort Myers Beach aftermath Hurricane Ian

Great-West Lifeco has made a $100mn provision after tax for estimated reinsurance claims that it expects will result from Hurricane Ian.

The firm sells property cat retro coverage through its capital and risk solutions (CRS) segment.

The provision was trailed ahead of Q3 results, which are scheduled for 2 November.

The

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News Claims and losses Florida Hurricane Catastrophe losses

Liz Bury

Editor