LONDON (Reuters) – Three of the Lloyd's of London insurance market's leading players owned up to a combined loss of about $375 million from superstorm Sandy and warned the final bill could change.

Bermuda-based insurer Catlin, operator of Lloyd's biggest syndicate, is set to absorb about $200 million in claims from Sandy, it said on Tuesday. Rivals Hiscox and Novae put their exposure at 90 million pounds ($145.79 million) and between $25 million and $30 million respectively.

Sandy, a 1,000-mile wide storm that killed 132 as it swept through the north-eastern United States on Oct. 29, is expected to cost insurers up to $25 billion, making it the second-costliest storm after hurricane Katrina in 2005.

Insurers and analysts have said the size of the affected region, which includes New York and other densely populated and industrialised areas, makes the final damage bill difficult to calculate.

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