Fairfax Financial Holdings Ltd. has placed its initial estimate of losses relating to Hurricanes Frances, Ivan and Jeanne is in the range of US$85 million to US$95 million, after tax and minority interests.

All of the hurricane losses are recorded within Fairfax’s insurance and reinsurance companies, primarily OdysseyRe and Crum & Forster. Fairfax said these losses have not adversely affected the capital adequacy of any of these companies and will not require the provision of any funds by the holding company.

Fairfax said the estimate is based on a preliminary review and consultation with its insurance and reinsurance companies, including OdysseyRe, Crum & Forster and Northbridge.

Fairfax also said it recognizes that at this early stage it is not possible to make a calculation of its financial exposure to claims relating to these hurricanes with a high degree of certainty.