Markel Corporation has announced that fees earned from its Markel Catco vehicle have shrunk 85.5 percent year-on-year, from $8.3mn for the third quarter last year to $1.2mn for the third quarter this year.
Aspen Insurance Holdings has reported Q3 catastrophe losses of $360.3mn pre-tax, following the firm's disclosure that Hurricanes Harvey, Irma and Maria had amounted to $310mn of losses earlier this month.
Perils increased its industry loss estimate for the central Italian earthquakes that struck last October by two-thirds in its final report on the disasters.
XL said that its cat bonds were not currently expected to respond to this year's hurricane activity as it ceded 44 percent of its gross losses from Q3 catastrophes to its reinsurance and retro partners.
