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ZFS estimates its Kyrill losses at $150 million

Posted On: Feb. 14, 2007 12:00 AM CST

ZURICH, Switzerland—Zurich Financial Services Group said that it expects pre-tax claims for Winter Storm Kyrill to be no more than $150 million.

The estimate is well within the company's net retention levels, ZFS said in a statement.

The storm hit Europe on January 18, mainly affecting Germany and the United Kingdom.