Montepelier Re sees $55m operating loss
Montpelier Re has recorded an operating loss of $55m for the third quarter of this year. The company said the loss reflected a combined net financial impact from Hurricanes Gustav and Ike of $130m.
Overall Montepelier Re reported a net loss of $142m (or for the quarter ended 30 September. The net loss reflects $27m of net realized losses, $48m of net unrealized losses and $13m of net foreign
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