Bermuda-based insurers Arch Capital Group Ltd and PartnerRe Ltd. Have released their respective preliminary estimates of losses incurred from Hurricane Sandy. Arch said its preliminary estimate of losses “ranges between $170 million and $240 million, net of reinsurance and the …
Zurich Insurance announced that it currently estimates aggregate claims net of reinsurance of about $700 million relating to Storm Sandy. “This includes $40 million related to Farmers Re in connection with the reinsurance cover provided to the Farmers Exchanges, which …
The Bermuda-based Catlin Group Limited announced that it currently estimates its Sandy-related losses at approximately $200 million, net of reinsurance and reinstatements. Catlin noted that the “storm system caused extensive damage to portions of the United States and Canada on …
