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Stock Market & Financial Investment News

News Breaks
December 12, 2012
16:03 EDTPTPPlatinum Underwriters sees $30M negative impact from Sandy
Platinum Underwriters Holdings announced that it expects Hurricane Sandy will have a net negative impact of approximately $30M on the company's results for the quarter ended December 31. The net negative impact from Hurricane Sandy includes a preliminary estimate of losses and loss adjustment expenses, net of retrocessional coverage, reinstatement premiums and income taxes. The company's assessment of its exposure to this event is ongoing.
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