WTM Preliminary Estimates of Losses RE Chilean Earthquake and Xynthia

[Alekbaylee]

HAMILTON, Bermuda, March 24 /PRNewswire-FirstCall/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) estimates that its total net losses resulting from the Chilean earthquake will be in a range of $55 - $145 million pretax, or $40 - $105 million after tax. This range estimate, which is subject to foreign currency fluctuations, is based on industry insured loss estimates for the Chile quake of $6 billion to $12 billion and is net of all retrocessions and reinstatement premiums.  White Mountains' estimated loss from Xynthia is $10 million pretax or $7 million after tax.

 

http://www.prnewswire.com/news-releases/white-mountains-releases-preliminary-estimates-of-losses-caused-by-chilean-earthquake-and-european-windstorm-xynthia-89045292.html