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Transatlantic records $57m net loss for Q4
02 February 2012
The American firm has reported a net loss of almost $60m for the final quarter of 2011, and a net loss of $99m for the full year.
Transatlantic Re has reported substantial losses in its
final financial results of 2011, having been heavily hit by
catastrophe events, as well as the costs of its ongoing merger
The reinsurer reported a net loss of $57 for the final three
months of 2011, and a net loss of $99m for 2011.
The firm said that it had been hit by after-tax catastrophe
losses of $110m in the fourth quarter, consisting...
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