Transatlantic estimates $72mn Thai exposure and adds $33mn to NZII loss
Transatlantic Holdings will book after-tax net catastrophe costs of $72mn from the Thai flooding in its fourth quarter results when it announces them next month.
The US reinsurer, which has agreed a merger with its compatriot Alleghany Corporation, said it will also book $33mn of cat losses, after reinstatement premiums, reinsurance and tax, as a result of loss creep from the February 2011 New Zealand earthquake.
Total fourth quarter catastrophe losses at the New York-headquartered company are expected to come...
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