Bermuda based Catlin Group Ltd. has announces a preliminary loss estimate of approximately $125 million for last month’s earthquake that struck New Zealand.The magnitude-6.3 earthquake which erupted near Christchurch resulted in more than 150 deaths and caused significant damage to residential and commercial property.The estimated losses are net of reinsurance and reinstatements and subject to material uncertainty.It will take a number of months until the total amount of insured damage and Catlin’s claims arising from this catastrophe can be more precisely estimated.l XL Group plc. has announced preliminary net loss estimates of between $70 million and $85 million for the New Zealand earthquake.The company’s estimates, pretax and net of reinsurance and reinstatement premium are attributable to XL’s reinsurance segment and are based on its review of individual treaties and policies expected to be impacted and client data received to date and has taken into account current total insured market loss estimates, both from published sources and the company’s internal analysis.These preliminary loss estimates correspond to expected insured market losses for the New Zealand Earthquake in the range of $8 billion to $12 billion.