Bermuda-based White Mountains Insurance Group, Ltd. announced that preliminary estimates indicate that its total pre-tax net losses resulting from the impact of Hurricane Frances on its insurance and reinsurance operations will be less than $40 million.
The company said: “These estimates do not reflect the impact on profit commissions payable to White Mountains by Olympus Re or on the value of the Company’s investment in Montpelier Re.”
Was this article valuable?
Here are more articles you may enjoy.
Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years 
Florida Supreme Court Approves Board Certification in Insurance Law 
‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected 
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 
