Ace expects $75m losses from Chile quake and European storm
Created: Mar 19, 2010 11:00 AM
ZURICH (Bloomberg) — Ace Ltd., the Zurich-based insurer with substantial operations in Bermuda, said claims costs from the earthquake in Chile and Windstorm Xynthia will be about $75 million after taxes.
The figure includes reinstatement premiums, the company said in a statement distributed by Business Wire yesterday.