NU Online News Service, April 21, 3:51 p.m. EDT
OneBeacon Insurance Group, Ltd. in Bermuda said its first-quarter estimated combined ratio will be 112, including approximately $44 million, or 10 points, of mostly U.S.-based pretax catastrophe losses.
The property and casualty insurer's losses were primarily associated with March Northeast U.S. storms. Of the estimated $44 million of current accident year catastrophe losses, roughly $10 million were incurred in its ongoing specialty lines business, the firm said.
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