Bermuda-based ACE Group of Companies announced today its estimated third quarter catastrophes losses, net after-taxes, including Hurricanes Gustav and Ike, will amount to approximately $315 million, including reinstatement premiums.

At the same time, Bermuda-based Everest Re Group, Ltd. said that its preliminary loss estimates for Hurricanes Gustav and Ike are expected to range between $200 million and $220 million, net of reinstatement premiums and taxes.

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