Arch hikes estimates for Ike losses by $160m
Arch Capital, the Bermudian (re)insurer, said that it expects to report after-tax operating income available for common shareholders in the range of $75-90 million for the 2008 fourth quarter.
The group said that this reflects a $160m hike in loss estimates from Hurricane Ike, which devestated the US Gulf Coast last year.
The updated loss estimate is based on increased estimates of industry
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