Aspen Expects $175M Loss From Superstorm
Bermuda-based Aspen Insurance Holdings Limited announced an initial estimate of catastrophe losses from Superstorm Sandy. Aspen expects fourth quarter 2012 earnings to include approximately $175 million after-tax, and net of reinsurance and reinstatement premiums related to the storm. The losses from the storm are currently estimated to arise approximately 65% in our reinsurance segment and 35% in our insurance segment.
