$125 from March US storm and $70m fro Chile earthquake

New Jersey insurer Chubb announced today that it estimates losses from first quarter catastrophes to be approximately $290m pre-tax ($189m after-tax) net of reinsurance.

The loses include the March Northeast US storm, other US winter storms, the Chilean earthquake, the Australian storms, European windstorm Xynthia and other catastrophes.

Approximately $200m represents Chubb's estimate for losses from US catastrophes, of which $125m was from the March Northeast US storm.

Outside the US

Losses from catastrophes outside the US amounted to approximately $90m pre-tax, of which $70m was from the Chilean earthquake.

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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