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
Walt Disney Co. (DIS) is reportedly in talks to buy a stake in Major League Baseball Advanced Media. According to LA Times, citing people with knowledge of the matter, Disney is seeking to acquire one-third interest in the MLB.com, which develops and manages the league's digital products. The deal... Postal Savings Bank of China, one of the biggest banks in China, seeks to raise about $8 billion in an initial public offering, which could be the biggest IPO of the year. Postal Savings Bank of China plans to list its stock in the Hong Kong stock exchange. According to reports, the Postal Savings... Sporting goods retailer Dick's Sporting Goods, Inc. has emerged as the successful bidder in the bankruptcy auction for its former rival Sports Authority Holding Inc.'s intellectual property assets and the right to acquire 31 store leases.
comments powered by Disqus
Follow RTT