Arch sees Q4 catastrophes costing up to $130m net of reinsurance

Bermuda headquartered insurance and reinsurance firm Arch Capital Group has estimated that catastrophes during the fourth-quarter of 2018, including hurricane Michael and the California wildfires, will cost it up to $130 million net of reinsurance and retrocessional recoveries.

Hurricane Michael and the California wildfires are the major driver of the Q4 loss impact for Arch Capital, alongside a number of smaller catastrophe losses around the globe.

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