Reinsurance group Validus Holdings faces a near-$64 million estimated bill for two natural disasters in China and Chile.

The Chilean earthquake last month and the massive explosion in China’s Tianjin in August has cost the company’s Validus Re and Talbot subsidiaries a total of $63.9 million.

The company said yesterday: “The net impact to Validus is based on the company’s internal models, external reports and other information on the event and loss reporting from impacted (re)insureds.”

The total cost to Validus Re is thought to be $48 million — $32.7 million for the Tianjin disaster and $15.3 million for the 8.3 magnitude earthquake in Chile.

Talbot is expected to pay out $11.2 million for the Chinese event and $4.7 million for the earthquake in Chile.

But Validus Holdings said: “Due to limited reported losses, the complexity of the events and uncertainties inherent in this preliminary information, Validus’ actual ultimate losses from these events may vary materially from this initial estimate.”