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News Breaks | | | | December 17, 2012 | | 09:02 EDT |  | HCC | HCC Insurance announces preliminary Q4 catastrophe loss estimate of $30M-$35M
HCC Insurance Holdings announced its preliminary estimate for Q4 catastrophe losses, after reinsurance and reinstatement premium, of $30 - $35M pretax. These losses relate to Superstorm Sandy and primarily impacted the company's property treaty, property direct and facultative, and energy lines of business in the International segment. The company's ultimate losses from this event may differ materially from its current estimate due to the uncertainties involved at this early stage, the complexities of the nature of the event and the ongoing collection of information. | |
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