By Adria Calatayud

Assicurazioni Generali's losses from natural catastrophes have already exceeded what the insurer had budgeted for 2023 as a whole, Chief Financial Officer Cristiano Borean said Thursday.

The Italian insurer recorded around 840 million euros ($885.2 million) of losses from natural catastrophes net of reinsurance at the end of September, Borean said at an event in Munich.

Natural catastrophes have become more frequent and impactful, Borean said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

October 19, 2023 13:07 ET (17:07 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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