NU Online News Service, March 19, 12:55 p.m. EDT

Sixteen global reinsurers have reported approximately $3.5 billion in estimated pre-tax net losses so far from the Chilean earthquake and European Windstorm Xynthia, according to a Moody's Investor Services update.

In its update on Reinsurers' catastrophe losses from the two events, Moody's said these losses are expected to be lower on an after-tax basis, likely in the range of $2.8 billion to $3 billion.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.