The Chubb Corp. said catastrophe losses for the third quarter would amount to approximately $400 million and it would suffer more than $100 million in investment losses.

In a statement, the Warren, N.J.-based insurer said yesterday catastrophe losses for the third quarter of 2008, principally related to Hurricane Ike, would be approximately $400 million before tax (72-cents per share after taxes). The figure includes Chubb’s estimated share of an assessment from the Texas Windstorm Insurance Association.

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