Novae releases initial Q1 major loss estimate
Novae estimates that the cost of the Japanese earthquake and tsunami to be between US$25 million and US$40 million, based on an insured market loss of US$20 and US$30 billion.
The Lloyd's insurer released the figures as part of preliminary assessment of the cost of the events that occurred in the first quarter of 2011.
Novae estimates that the flooding and cyclone in
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