The direct insured losses resulting from financier Bernard Madoff’s alleged Ponzi scheme are predicted to be between $760 million and $3.8 billion, with the best estimate of $1.8 billion. The maximum potential exposed insurance limits are estimated to be more than $6 billion, according to estimates by Aon Benfield.

The high end of the likely range of insured losses represents less than 20 loss ratio points on global D&O, E&O and fidelity premium.

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