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Catlin Group Raises NZ Quake Loss Estimates By $10m

Catlin Group Limited said it has increased its estimated losses from the Sept. 4 New Zealand earthquake by $10 million.

By Phil Gusman | Updated on December 22, 2010

NU Online News Service, Dec. 23, 9:18 a.m. EST

Catlin Group Limited said it has increased its estimated losses from the Sept. 4 New Zealand earthquake (http://www.property-casualty.com/News/2010/9/Pages/Up-To-45B-In-Losses-Predicted-From-New-Zealand-Earthquake-.aspx?k=new+zealand) by $10 million.

The Hamilton-Bermuda specialty insurer now predicts its losses to be approximately $45 million, net of reinsurance and reinstatements.

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