Aspen updates New Zealand loss estimate by $33m
Aspen has announced an updated pre-tax loss estimate for the New Zealand earthquake which occurred in September 2010. Losses are now expected to reach US$53m, revised up from US$20m net of reinstatement premiums.
This equates to US$47m post tax.
Aspen added that its current loss estimate is consistent with an industry loss of NZ$5.5bn (£2.6bn) from the New Zealand earthquake.
In a statement Aspen added: "The
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