Quanta announces hurricane losses
Quanta Capital Holdings (Quanta) has announced that its total estimated retained net losses from hurricanes Katrina and Rita are expected to be in the ranges of approximately $40 to $50m and approximately $2 to $8m, respectively.
The company said that these net losses take into account the receipt of anticipated recoverable amounts under reinsurance and retrocessional agreements and the effects of reinstatement premiums.Quant
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