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Hannover Re Estimates Its Quake/Tsunami Claims At $354 Million


Posted on 23 Mar 2011

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The world’s third-biggest reinsurer, Hannover Re, estimated its claims from the earthquake and tsunami in Japan at about $354 million.

Any assessment of the loss is still subject to considerable uncertainty, the Hanover, Germany-based company said in a statement today. The preliminary claims figure is after retrocession and before tax, it said.

Hannover Re said it will provide more detailed information on the current financial year on May 3 along with first-quarter earnings.