The Hanover reports $22mn overshoot of Q3 cat losses
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The Hanover reports $22mn overshoot of Q3 cat losses


The Hanover Insurance reported Q3 cat losses of $90mn, which came in $22mn above its assumption for the period, costing 6.8 points on the combined ratio and pushing it to an underwriting loss for the period.

It also warned that inflationary pressures and large property ex-cat losses had impacted underwriting results in the quarter and would drive it to step up rate increases.


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