Montpelier Re Says New Zealand Quake Losses May Be $75 Million

Montpelier Re Holdings Ltd., the Bermuda-based reinsurer, said its losses from last month’s earthquake in Christchurch, New Zealand, may be as much as $75 million.

Losses from floods and a cyclone in Australia in January may be as much as $15 million, the company said today in a statement distributed by PR Newswire.

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