Arch reveals weather and investment losses
Arch Capital, the Bermudian (re)insurer, said that it expects pre-tax earnings for the 2008 third quarter to be negatively impacted by the effects of Hurricanes Gustav and Ike in the range of $105-180m, net of reinsurance and reinstatement premiums.
The company’s preliminary net loss estimate for Hurricane Gustav is in the range of $15-30m based on industry insured losses of $2.5-4.5bn. The preliminary net loss estimate for Hurricane Ike is in
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