Atrium ups Katrina loss and abandons 2006 capacity cuts
Atrium has increased its estimate of net pre-tax losses from Hurricane Katrina to £19m ($33.6m) from the last published estimate of £15m ($26.5m). Atrium also unveiled an initial £3m pre-tax loss estimate for Hurricane Rita
Atrium added that it believes that the losses will “have a significant impact on trading conditions, particularly in the large commercial property, energy and property reinsurance sectors”. TheOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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