Superstorm Sandy is expected to result in a net negative impact of about $333.1 million for Validus Holdings.

Validus says Sandy will cost Flagstone Reinsurance Holdings $39.1 million, but this impact will not affect the fourth quarter results at Validus since the Pembroke, Bermuda-based company’s acquisition of Flagstone was completed after the storm.

Validus reached an agreement in August to buy Flagstone for about $623 million in cash and stock. The deal was completed Nov. 30—about one month after Sandy struck the Northeast.

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