Sandy loss "comfortably" within budget, says Hannover Re
Losses arising from Superstorm Sandy are within Hannover Re's major loss budget for 2012 after the firm estimated a €261m net burden of loss from last October's storm.
The German company said that loss-triggered treaty conditions will generate further net premiums of €23.5m, reducing the strain to €237.5m.
Chief executive Ulrich Wallin, pictured, said: "This loss
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