Filed Under:Agent Broker, E&S/Specialty Business

Up to $240M in Sandy Losses Each for PartnerRe, Arch Capital

Three Bermuda-based insurers have announced their expected losses from Superstorm Sandy as fourth-quarter earnings announcements near.

PartnerRe Ltd. leads the most recent group of companies letting investors know of catastrophe losses. The reinsurer says late-October’s Sandy will result in a pretax charge of between $200 million and $240 million, after retrocession and reinstatement premiums, in its fourth-quarter results.

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