ACE Limited announced from its headquarters in Zurich that it estimates net after-tax losses in the third quarter for the ACE Group of Companies from catastrophes, including Hurricanes Gustav and Ike, will amount to approximately $315 million, including reinstatement premiums.
Source: ACE Group – www.acelimited.com
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation
20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster?
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 

