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24 February 2018

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Property Insurance Holdings reports Harvey loss of $23mn

14 November 2017

Property Insurance Holdings (PIH), the parent company of Texan insurer Maison Insurance Company has reported that its gross catastrophe losses from Hurricane Harvey reached $23mn.

Harvey claims made up the bulk of the firm's third-quarter gross losses of $26.2mn, however $18.4mn of these claims were ceded to its reinsurance partners.

The company retained $5mn of its Harvey losses, and reported a net retained loss of $7.80mn for the quarter, including non-catastrophe claims.

The catastrophe losses led the firm to post...

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