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.
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
Coca-Cola Suspends Fairlife Operations After Cyberattack 
Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar 
