NU Online News Service, June 24, 11:10 a.m. EST
Validus Holdings, Ltd. says losses from April and May storms in the United States could top $75 million.
The Pembroke, Bermuda-based carrier says it expects the combined loss and loss expenses from the storms to be in the range of $55 million to $75 million, net of reinstatement premiums and reinsurance, retrocessional and other recoveries.
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