Allegahany Corp., Assurant Specialty Property and Mercury General released their estimated losses from Superstorm Sandy.
New York-based Alleghany Corp., a holding company with core holdings in property and casualty reinsurance and insurance companies, says its estimates consolidated pre-tax loss, net of reinsurance and reinstatement premiums of $443 million, and after-tax loss of $288 million.
The losses comprise $265 million from Transatlantic Holdings, Inc.; $165 million from RSUI Group, Inc., and $13 million from Alleghany's Homesite Group Incorporated investment.
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