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.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
