NU Online News Service, Feb. 9, 11:30 a.m. EST
Flagstone Reinsurance Holdings says it expects an impact of between $50 million and $55 million on 2011 fourth-quarter results due to adverse development from catastrophe losses during the first half of 2011.
Additionally, based on an industry loss of between $15 billion and $18 billion, Flagstone Re says it expects a fourth-quarter loss of $13-to-$18 million from flooding in Thailand during the third and fourth quarters.
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