GLRE - Q3 Catastrophe Losses Above Estimates For RenRe Arch AXIS The Hanover

• Pre-announcements of catastrophe losses for the third-quarter of 2020 began to be released last night, and reports from RenaissanceRe, Arch Capital Group, AXIS Capital and The Hanover seemed to confirm the expectation that the majority would run well above estimates.
• Reports from these early pre-announcers confirm that a share of losses will be flowing to sources of reinsurance and also retrocessional capital, even from the major Bermudian players.
• So, investors in the third-party capital vehicles of some re/insurers are likely to be sharing in any negative performance created by loss activity of the last three months.

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