Insight and Intelligence on the London & International Insurance Markets

22 February 2012

Montpelier joins peers with $40mn Thai loss and $26mn creep

26 January 2012

Montpelier Re expects to fall to a fourth quarter net operating loss of $0.25 to $0.35 a share as its bottom line is dented by $40mn of Thai flood losses and $26mn of creep on earlier cat events, partially offset by $18mn of prior-year reserve releases.

The Bermudian said that it nevertheless expects to report fully converted book value per share of $22.60 to $22.70 as at the year-end - an increase of around 2 percent from the end of...

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