Chubb estimates its pre-tax natural catastrophe losses for the second quarter are $US390 million ($512 million).

The insurer has provided the estimate “in light of the elevated number of natural catastrophes experienced by the industry globally”.

It cites more than 25 separate events, with total insured losses for the quarter estimated at $US15-$US20 billion ($19.73-$26.3 billion).

Of Chubb’s pre-tax total, $US320 million ($420.86 million) arises from natural catastrophes in North America.

“The company’s estimate covers losses for multiple US weather events, the Japanese and Ecuadorian earthquakes, the Fort McMurray wildfires and the European floods, among other natural catastrophes,” it says.

CFO Philip Bancroft says the original projected pre-tax loss was $US280 million ($368.25 million). “The company expects this special disclosure will further investors’ understanding of the new Chubb and contribute to the accuracy of the investment community’s financial models,” he says.