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Re: None

Friday, 06/23/2017 11:26:12 AM

Friday, June 23, 2017 11:26:12 AM

Post# of 11618
A bit on Puerto Rico:

Since our last earnings call, there have been numerous developments on our Puerto Rico exposure. We anticipated most of these events and believe we are well-positioned to manage through them. As we have noted before, we are relatively small insured exposure of $339 million including $169 million of GO, and $141 million of PREPA and we believe we are appropriately reserved.

On the GO front, on July 1, we expect to pay approximately $121 million of claims most of which is at SCAI and are prepared to make those payments. These claims represent a large portion of all of our expected Puerto Rico claims.



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