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Validus Says Central Europe Floods Cost Reinsurer $69.6 Million

July 9 (Bloomberg) -- Validus Holdings Ltd., the reinsurer that bought IPC Holdings Ltd., said floods in central Europe in May and June cost the company about $69.6 million.

Industry losses are probably between $4 billion and $5 billion, the Bermuda-based company said today in a statement distributed by Business Wire.

To contact the reporter on this story: Megan Hickey in New York at

To contact the editor responsible for this story: Dan Kraut at

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