Wellington hurricane losses equal to entire '04 season
Lloyd's insurer Wellington Underwriting has estimated a net loss of $75m (£40.7m) from hurricane Katrina, which is comparable to the losses it incurred from the entire 2004 hurricane season.
Announcing its interim results for the first half of 2005, the insurer, which manages syndicate 2020 at Lloyd's said it believed the impact on rating levels will be "much more significant. "We areOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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