Aspen blows its retro and more than doubles Katrina net loss estimates
Bermudian (re)insurer Aspen Insurance Holdings has announced that it has updated its net post-tax and reinstatements loss estimate from Hurricane Katrina and the New Orleans flood to $325m-$400m. The loss equates to estimated gross losses to the company of between approximately $840m and $925m.
Aspen stated that based on the range of estimated gross losses to the Company related to Hurricane Katrina, it will have exhausted its retrocessional outwards reinsurance program protecting itsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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