Hannover Re has said it may not reach its profit guidance of EUR1bn ($1.20bn) for the third quarter because of further strain put on its catastrophe budget by the Mexican earthquake and Hurricane Maria.
Modelling firm RMS estimated that insured losses from Hurricane Irma will range from $35bn to $55bn, including up to $5.5bn of National Flood Insurance Program (NFIP) claims and as much as $20bn in Caribbean losses.
