Transatlantic Puts Wilma Payout at $100M

Transatlantic Holdings, Inc. (NYSE: TRH) announced that its preliminary estimate of pre-tax cost, net of reinsurance, related to Hurricane Wilma approximates $100 million, or $65 million on an after-tax basis for the full year of 2005. TRH's losses from Hurricane Wilma are expected principally from Florida and Mexico. "The calculation of these estimates involves a significant amount of judgment and considers, among other factors, industry loss predictions, output from catastrophe modeling software, market share analysis and a review of certain large in-force contracts," the company cautione...