Platinum Re estimates Gustav, Ike losses at $105m
Platinum Underwriters Holdings, the Bermuda-based (re)insurer, said that Hurricanes Gustav and Ike may cost it $105m net of reinstatement premiums and tax benefit.
It added that it intends to record other-than-temporary impairments and realized losses in the quarter ended September 30, 2008 of approximately $18m associated with certain securities held in its
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