Allied World reports $10.3 million in reinsurance catastrophe losses from Fort McMurray wildfire

Thu, 07/21/2016 - 10:57

by Canadian Underwriter

Allied World Assurance Company Holdings AG reported Tuesday a 7.2-point improvement in its combined ratio, while the Fort McMurray, Alberta wildfires cost the carrier about $10.3 million and hail storms in Texas cost its reinsurance segment about $6 million and its primary insurance segment about $4.6 million.