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Montpelier Re Holdings Ltd. Message Board

  • axpkocop axpkocop Dec 1, 2012 11:46 AM Flag

    Sandy is a $20 Billion Insurance Loss

    "Disaster analysis companies have pegged insured loss from the recent Hurricane Sandy to reach over $20 billion. This indicates skewed results for the insurance companies in the fourth quarter of 2012.

    Accordingly, the risk modeling company AIR Worldwide has raised its insured loss estimate from the "superstorm" in the range of $16-22 billion, way higher than the prior guidance of $7-15 billion.

    Another disaster analysis firm - Eqecat - fixed its insured loss projection at $20 billion, while it forecasts $50 billion in economic losses from the same catastrophe. One more firm - RMS - expects insured losses from Sandy to hit $25 billion. All the agencies believe that Sandy is the most damaging superstorm after Hurricane Katrina and Ike."

    Interesting that MRH raised the dividend 10% even though we could have a sizable loss this quarter due to Sandy.

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