Heritage puts Katrina loss at £28 million
Heritage Underwriting Agency Plc, managing agency of syndicate 1200, this morning said it believes that it is still very early to make a reliable estimate on the syndicate’s hurricane losses.
Nevertheless, in a statement it added: "It is estimated that the cost of Hurricane Katrina to the Syndicate, will be £28m ($50m) including reinstatement premiums and net of reinsurance recoveries."Th
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