PXRE estimates $75-$90m Wilma loss
Bermudian reinsurer PXRE Group has announced that its preliminary estimate of the net impact from Hurricane Wilma is between $75m and $90m, net of reinsurance, reinstatement premiums and tax. The Company's loss estimate assumes that the insured industry losses caused by Hurricane Wilma in Mexico and the United States will be approximately $14.5bn.
PXRE cautioned that it had only received a limited number of claims since the event and that this preliminary estimate is primarily based on extensive modelling, a detailed review of affectedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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