Montpelier Estimates Cat Loss
Posted on July 01, 2011 at 12:05 PM EDT
Montpelier Re Holdings Ltd. (NYSE:MRH) guided second quarter catastrophe losses from severe flood, hail, tornado and wind events in the United States to $35 million, pre-tax and net of reinsurance recoveries and reinstatement premiums. However, Montpelier dos not anticipate any losses from the New Zealand earthquake that occurred in June. Montpelier suffered largely due to [...]