Bermuda-based Aspen Insurance Holdings Limited said today that its losses from recent hurricanes totaled $155 million and for the third quarter its alternative investments dropped by $41.3 million.
Estimates for industrywide losses from Hurricane Ike, Aspen said, have been too low and it expects them to be well above $15 billion.
The company also discussed its holding in bankrupt Lehman Brothers, and other troubled companies. It said its Lehman investment was $38 million as of Sept. 15 or less than 0.7 percent of its total investment portfolio.
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