Insured losses for Hurricane Irene "manageable" $6bn
The insured loss estimate for Hurricane Irene is said to be between $3bn to $6bn making the impact on insurers “material” but “manageable”, according to Fitch Credit Ratings.
Despite 2011 being a “unprecedented” year for catastrophe losses, reinsurers are unlikely to be affected by the disaster as the devastation from the storm was less than initially feared.
Senior
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