Zurich estimates net claims related to hurricanes Harvey, Irma and Maria of USD 700 million
Zurich Insurance Group (Zurich) announced that it currently estimates aggregate claims in the third quarter of 2017 related to hurricanes Harvey, Irma and Maria, for the Group’s Property & Casualty business, to be approximately USD 700 million net of reinsurance and before tax. Final loss assessment will take time to complete due to the nature of the events. After tax, the losses are expected to be around USD 620 million.