NU Online News Service, May 5, 3:46 p.m. EDT
A dozen Bermuda reinsurers that released first-quarter 2010 earnings over the last week were hit hard by $1.4 billion in catastrophe losses, primarily related to the earthquake in Chile.
So far, Bermuda companies put their exposure to the explosion of Deepwater Horizon–a second-quarter event–at a fraction of the total, with nine Bermuda companies estimating just over $200 million in total.
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