$20mn Chile deterioration for White Mountains Re
White Mountains Re has been forced to add an additional $20mn to its reserves for the Chilean earthquake, bringing the total expected losses to $130mn.
Pre-tax income collapsed from $183mn to $18mn for the first six months of the year, on the back of the Chilean loss and a string of other catastrophes.
Everest Re, Mapfre, Transatlantic Re and Platinum have already strengthened their Chilean reserves in Q2 as the loss picture becomes clear.
The Bermudian reinsurer's combined ratio for...
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