Montpelier Re sees Q4 (25c)-(35c) vs. consensus 40c
The net operating loss estimate includes the following: (i) the net financial impact of the severe flooding in Thailand of approximately $40M; (ii) the net financial impact of other catastrophe events occurring during 2011 of approximately $26M, including those occurring in the fourth quarter; and (iii) approximately $18M of net favorable prior year loss reserve development. :theflyonthewall.com
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