International specialty casualty insurer and reinsurer Catlin Group has announced it currently estimates its Sandy-related losses at approximately 200m dollars, net of reinsurance and reinstatements.
The storm system caused extensive damage to portions of the United States and Canada on October 29th.
A statement from the group reported that "this estimate is subject to a considerable degree of uncertainty due to the size of the storm system and the wide variety of damage it caused. The group anticipates that it will have a fuller understanding of the losses caused by the storm when it reports its 2012 full-year results."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
MF
-
What financial support can you get if you are suffering with long-term illness?Health is wealth and more important than any material riches. But too often, long-term illness brings financial worries of its own. What financial support can you get if you are ill?
-
State pension underpayments: ombudsman to investigate underpayments for married womenTens of thousands of married women pensioners could get back millions in state pension arrears following a campaign that has led to an ombudsman investigation for a number of cases
