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Allied Says Disasters Cost Up to $65 Million, Led by Thailand

Jan. 20 (Bloomberg) -- Allied World Assurance Company Holdings AG, the insurer whose co-founders include American International Group Inc. and Chubb Corp., said catastrophes cost the firm $55 million to $65 million the fourth quarter.

The sum includes as much as $50 million in costs from flooding in Thailand, the Zug, Switzerland-based company said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Andrea Ludtke in New York at aludtke@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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