NU Online News Service, June 21, 11:35 a.m. EDT
The Chubb Corporation says it expects losses of between $250 million and $310 million, pretax, for April and May U.S. storms.
Additionally, Hamilton, Bermuda-based specialty insurer Alterra Capital Holdings Limited says its initial loss estimate for the April-May storms is between $18 million and $28 million, pretax and net of reinsurance and reinstatement premiums. Alterra says its estimate is based on an industry-wide loss estimate of between $11 billion and $18 billion.
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