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.
For Carriers, AI Can Now Mean Hyper-Personalized Customer Service, Leaders Say 
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market 
Maryland Announces $2.5 Billion Settlement Over Baltimore Bridge Collapse 
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
