Events | 2011.03.15
Montpelier Re Reports Initial Loss Estimate From the 2011 New Zealand Earthquake and Australian Catastrophe Events
HAMILTON, Bermuda--(BUSINESS WIRE)--Montpelier Re Holdings Ltd. (NYSE: MRH) (“Montpelier” or the “Company”), today announced a preliminary estimate of losses from the February earthquake in New Zealand and the January floods and Cyclone Yasi in Australia. The Company currently estimates its pretax net loss from the February New Zealand earthquake will be $75 million, net of reinstatement premiums, which assumes a US $12 billion industry loss. The Company estimates its net losses from the January
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http://www.businesswire.com/news/home/20[...]ial-Loss-Estimate-2011-Zealand
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