Transatlantic Holdings Inc. announced that it presently expects to report net catastrophe losses in its first quarter 2005 results of approximately $19 million after tax, principally resulting from European Windstorm Erwin.
The company also announced that it would announce first quarter earnings on April 21, 2005.
AIG owns 59.3 percent of the shares of Transatlantic, a global reinsurance company. Its former Chairman, Maurice R. “Hank” Greenberg, recently resigned as the company’s chairman (See IJ Web site April 6).
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
Suspects in Louvre Heist in Custody After Week-Long Manhunt 
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
