Arch Capital Group Ltd. has estimated a range of pretax catastrophe losses of $205 million to $225 million in the second quarter of 2020 across its property/casualty insurance and reinsurance segments.
Included in these estimates is a range of estimates for exposure to COVID-19 global pandemic claims of $170 million to $180 million, and a range of estimates of $35 million to $45 million for losses related to civil unrest claims across the U.S. and other 2020 second-quarter catastrophic events.
These losses are net of reinsurance recoveries and reinstatement premiums.
The above range of estimates for Arch’s exposure related to the global pandemic is in addition to the $87 million estimate previously disclosed by the company for the first quarter.
The loss estimate does not include any potential losses from the mortgage insurance segment, which will be reported with its second quarter results.
Source: Arch Capital