Montpelier Re Has $78.2M 3Q Loss

NU Online News Service, Oct. 29, 11:12 a.m. EDT?Montpelier Re Holdings Ltd. posted a net loss of $78.2 million for the third quarter–a big negative swing from the $91 million profit from the year-ago period–reflecting the huge losses the company suffered from the four hurricanes that devastated parts of the Southeastern United States this past quarter.[@@]

Montpelier Re chief financial officer Kip Oberting noted that the expected financial impact of the recent storms is within the previously announced range of $185 million to $235 million.

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