Argo takes $25mn-$35mn Thai hit
Argo Group has estimated its loss from Thailand flooding claims at $25mn-$35mn, net of reinsurance and reinstatement premiums.
The company said it compiled the forecast using portfolio modelling, exposure assessments and industry loss estimates, although it did not state the industry loss estimate used.
Argo's mid-point loss estimate equates to 2 percent of its shareholder equity at the end of the third quarter of 2011. This is roughly in line with Bermudian compatriots that have already reported loss estimates from...
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