Six more Bermuda-based insurers and another from Switzerland have chimed in with expected catastrophe losses from Superstorm Sandy.
Axis Capital Holdings of Pembroke leads this latest grouping by announcing $300 million as its preliminary estimate of Sandy-related losses, after tax, reinsurance recoveries and reinstatement premiums.
The amount is to be split evenly between the company's insurance and reinsurance segments, with most losses in the reinsurance side coming from property catastrophe and property per-risk treaty accounts with commercial property exposure.
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