Allied World Q4 Losses: Up To $65M
Allied World Assurance Company Holdings announced that it expects to record approximately $55 million to $65 million in catastrophe related losses and loss expenses in the fourth quarter of 2011.
This includes an estimate of $40 million to $50 million from the flooding in Thailand which occurred in the fourth quarter 2011 and $15 million from increased estimates for global catastrophe events that occurred earlier in 2011.
Allied World’s loss estimates for these events are derived from preliminary information obtained from clients and brokers, a review of the terms of in-force policies and contracts, and actual ultimate losses from these events may vary materially from the current estimate.
