Chubb
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The insurer reported pre-tax catastrophe losses of $250mn for the first quarter of the year.
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The biggest hit to the insurer were US winter-related storms, at $191mn. -
Other worldwide fourth quarter events contributed $75mn, while Michael and the wildfires made up the bulk of its losses.
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The insurer said the range is consistent with industry insured losses of up to $20bn from the recent blazes.
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The insurer is understood to be exploring the possibility of claiming the Camp Fire as two separate events as it looks to maximise reinsurance recoveries.
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The insurer's Michael losses are set to come in at the higher end of its $150mn-$250mn estimated range.
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Chubb and Travelers also face losses of around $400mn each should total insured losses hit $10bn, the analyst said.
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The insurer took a further $450mn cat losses net, led by $161mn from Hurricane Florence.
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The Florida-based insurer is also expecting to make reinsurance claims related to the Hawaiian eruptions.
