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Transatlantic Holdings cat costs reach $355m

Members of Virginia Task Force 1 from the Fairfax County Fire and Rescue Department search for survivors in Ofunato Japan following an earthquake and subsequent tsunami

Transatlantic Holdings has updated its preliminary estimate of first quarter catastrophe costs to include the Tohoku earthquake in Japan.

Transatlantic Holdings said that it expects to incur total net catastrophe costs in the first quarter of 2011 of approximately $355m, net of tax, based on its preliminary assessment of the impact of

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