HAMILTON, Bermuda—Max Capital Group Ltd. said Monday that its preliminary estimate of combined claims for the Chilean earthquake and Windstorm Xynthia ranges from $10 million to $20 million.

W. Marston Becker, chairman and CEO of Hamilton, Bermuda-based Max Capital, said in a statement that the projected claims are within the specialty insurer and reinsurer’s “normal loss provisions.”

In connection with Max’s pending merger with Harbor Point Ltd., Mr. Becker said projected quake and storm losses would be in the range of $30 million to $50 million, which also would be within “normal loss provisions for the pro forma combined organization.”

The preliminary loss estimate is based on a modeling analysis, treaty assessment, and broker and client information. The loss estimate is net of reinstatement provisions and retrocessions, Max Capital said in the statement.