Quake Impact Updates: ACE Limited, Exxon Mobil Wednesday, March 16, 10:52 AM ET
Insurer ACE Limited (NYSE:
ACE) said today preliminary first quarter net after-tax losses in related to the earthquake and tsunami in Japan will range from $200 million to $250 million.
The company also said it will take $210 million in losses related to February’s earthquake in New Zealand, floods in Australia, and other events.
Also related to the quake’s impact, Exxon Mobil (NYSE:
XOM) said it will restart its Kawasaki refinery as soon as tomorrow.
Full production at the 335,000 barrels-per-day facility should be up and running within a few days.
For MarketNewsVideo.com, I’m Sayoko Murase.
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Quake Impact Updates: ACE Limited, Exxon Mobil
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