Navigators Group estimates $18m of post-tax losses from Gustav, Ike
The Navigators Group, the US-headquartered insurance holding company with operations in London, has estimated after-tax loss from Hurricanes Gustav and Ike will approximate $18m (£10.3m) in the 2008 third quarter.
The net loss estimate is inclusive of expected reinsurance recoveries and related reinsurance reinstatement premiums.
Navigators also said that its 2008 third quarter net realised capital losses will
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