Chubb Corp. says it expects about $240 million in pretax, second-quarter catastrophe losses.
The catastrophe losses are expected to be about $156 million after tax, Chubb adds.
About $175 million of the pretax total can be attributed to catastrophes in the U.S.—primarily storms in the central states.
Chubb was also exposed to the flooding in Alberta, Canada. The insurer says most of its $65 million in non-U.S. catastrophe losses were from this event.
Chubb is scheduled to release second-quarter earnings on July 25.
Chubb scored record first quarter results, with net income of $656 million—an increase of 30 percent over 2012's first quarter—on higher rates, strong underwriting performance and low catastrophe losses.
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