| 2018-01-23 16:41:55|
AGII 16:41 01/23 01/23/18
Argo Group reports preliminary pre-tax catastrophe loss of $34M-$38M in Q4
Argo Group International announced a preliminary pre-tax catastrophe loss estimate for the three-month period ended Dec. 31, 2017 of $34M-$38M, net of ceded reinsurance recoverables, reinstatement premiums and expected profit commissions. Catastrophe losses are primarily related to the wildfires in California and to certain aggregate excess of loss contracts that were impacted by various 2017 catastrophe and weather related events.