Paris Re says net losses after reinsurance for Gustav/Ike $75-95m
Paris Re, the French (re)insurer, announced today that its initial loss estimates for Hurricane Gustav and Hurricane Ike are respectively $10-20m, and $75-95m net after reinsurances, both preliminary figures are on a pre-tax basis and net of expected reinstatement premiums.
As both natural catastrophes happened a short while ago, current estimates for market losses show very wide ranges, as several modeling groups have revised their figures downward or upward according
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