Arch losses from Chile quake $35-50m
Arch Capital has announced its losses from the effects of the Chilean earthquake to be in the range of $35m to $50m, net of reinsurance, retrocessions and reinstatement premiums.
This preliminary net loss estimate for the Chilean earthquake is based on projected industry insured losses of $6 billion to $8 billion.
In addition, the (re)insurer announced that it expects pre-tax
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