Maiden Holdings sees net losses from Sandy $25M-$35M

theflyonthewall.com

Maiden Holdings announced its initial loss estimate from Superstorm Sandy. Based on a comprehensive analysis of the company's exposure in the affected area, as well as loss reports and estimates from clients, Maiden currently expects the underwriting impact from Superstorm Sandy, net of applicable reinsurance and the company's quarterly provision for normalized catastrophe losses to be in the range of between $25M and $35M.

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