Endurance Estimates Pre-Tax Sandy Losses At $160M
Endurance said the preliminary loss estimate is net of reinsurance and reinstatement premium. It's largely derived from a combination of catastrophe modeling, a review of its contracts and initial indications from clients and brokers.
The company said its actual loss may ultimately differ significantly from the estimate as a result of the size of the storm, the complexity of the assessment of damages and the limited number of reported claims received so far.
Endurance shares fell
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