(Bloomberg) – XL Group Plc, the insurer that expanded last year with the purchase of Catlin Group Ltd., said second-quarter catastrophe costs were probably about $240 million pretax, with wildfires in Alberta, Canada, responsible for about half the total.

Flooding in Europe and earthquakes in Japan and Ecuador also contributed to the losses, the Dublin-based company said in a statement Wednesday. The sum includes $140 million in the reinsurance segment and $100 million from primary coverage.

Costlier-than-average natural disaster claims

XL joins insurers including Chubb Ltd. in releasing preliminary results for a quarter in which the industry was hit by costlier-than-average natural disaster claims. Chubb's pretax costs probably totaled $390 million, the Zurich-based company said Tuesday.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.