Max Re Puts Katrina Losses Between $60 and $90M

In a brief announcement Bermuda-based Max Re Capital Ltd. said that preliminary estimates indicate that the company’s 2005 third quarter earnings will be negatively impacted by $60 to $90 million as a result of Hurricane Katrina.

Max Re is one of a number of companies that are still tabulating damage costs from the hurricane that hit the U.S. in late August.