Intact and Definity put Q3 catastrophe losses at $850 million combined - Insurance Business
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Summer flooding and wildfires pushed Intact's third-quarter cat losses to about $660 million, and its CEO says the events reinforce firm market conditions
Two of Canada's largest property and casualty insurers have flagged heavy third-quarter catastrophe losses after a summer of flooding, storms and wildfires. Intact Financial and Definity Financial together expect about $850 million in cat losses, net of reinsurance.
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