Amlin: Hurricane Ike losses higher than original estimates
Amlin expects the market insured loss for Hurricane Ike will be in excess of $16bn, higher than modelling agents' current estimates. This is due to the far reaching impact of the storm both on offshore energy installations and on the mainland.
The group's own estimated claims from Hurricanes Gustav and Ike are $285m, net of reinsurance and reinstatement premiums.
This figure is comprised of $137m for Syndicate 2001 and $148m for Amlin
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