Endurance takes $115m hit from $12bn Wilma industry loss
Bermudian (re)insurer Endurance Specialty Holdings has announced a $115m estimated net loss from Hurricane Wilma . The estimate is net of reinsurance, reinstatement premiums, and tax benefits. Endurance added that its estimated gross lossesfrom the storm to be approximately $120m.
The figure includes an estimated $35m of gross losses from damage on the Yucatan Peninsula in Mexico. The firm said its loss analysis indicates industry-wide insured losses from Hurricane Wilma ofOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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