Based on information received to date, Odyssey Re Holdings Corp. expects pre-tax net losses will be in the range of $80 million; after tax losses will be in the range of $55 million.
Considerable time will be required before more accurate estimates are available.
While this event is significant, it will not have a material impact on ORH’s financial strength or position. OdysseyRe extends its deepest sympathies to all those affected by this tragic disaster.
Topics Catastrophe Natural Disasters
Was this article valuable?
Here are more articles you may enjoy.
UnitedHealth Sells Interest in Florida WellMed Clinics to TPG 
NC Roofers Caught in Farm Bureau’s Sting Sentenced to Probation, Restitution 
Private Credit Investors Clash Over £36 Billion BHP Dam Collapse Litigation 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
