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
10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast. Senate Health Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced Thursday that twenty-two other Senators are cosponsoring their bipartisan plan to provide short-term stability to Obamacare. The bipartisan bill includes a two-year extension of the cost-sharing...
comments powered by Disqus
Follow RTT