logo
Share SHARE
FONT-SIZE Plus   Neg

Catlin Group Now Sees Sandy Storm Losses Of About $200 Mln - Quick Facts

Catlin Group Ltd. (CGL.L), the international specialty property/casualty insurer and reinsurer, said it currently projects its Sandy-related losses at around $200 million, net of reinsurance and reinstatements. The storm system caused extensive damage to portions of the United States and Canada on October 29th.

This estimation is subject to a considerable degree of uncertainty due to the size of the storm system and the wide variety of damage it caused. The Group believes that it would have a complete understanding of the losses caused by the storm when it reports its 2012 annual results.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
Follow RTT