Odyssey Re Holdings Corp. announced last week that it expects after-tax net losses in the range of $26 million to $29 million during the first quarter of 2005.The company said losses from Windstorm Erwin and an increase in previously estimated losses from the Florida hurricanes, Typhoon Songda and the Indonesia earthquake and resulting tsunami that occurred in December 2004 will negatively impact earnings.
This amount includes after-tax net losses in the range of $12 million to $14 million attributable to Windstorm Erwin, which hit Northern Europe in January 2005. These estimates are based o...
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