Transatlantic Holdings, Inc., the parent company of Tranasatlantic Re, announced that its preliminary estimate of reinsurance exposure related to Enron Corp.,”if it results in a claim,” is expected to amount to “approximately $39 million, net of tax, and will be reflected in fourth quarter 2001 results.”
TRH cautioned that, “The actual exposure is subject to continuing litigation regarding coverage by the primary issuing companies, the outcome of which is uncertain at this time.”
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
Lawsuit Alleges Microbetting Product by DraftKings, FanDuel, NFL Leads to Addiction 
