Montpelier Re Reports Initial Loss Estimate of $126M From Tohoku Earthquake and Tsunami

Montpelier Re Holdings Ltd. MRH today announced a preliminary estimate of losses from the March 2011 earthquake and tsunami in the Tohoku region of Japan. Montpelier currently estimates its pretax net loss from the Japanese earthquake and tsunami will be approximately $126 million, which is net of retrocessional recoveries and reinstatement premiums and assumes a U.S. $25 billion industry loss.