Endurance to report third quarter operating loss
Bermudian (re)insurer Endurance Specialty Holdings said that it expects to report a third quarter operating loss in the range of $0.96 – $1.15 per share, thanks to difficult investment conditions and losses from Hurricanes Gustav and Ike.
By Reinsurance's calculations, the expected operating loss will be around $63m in the third quarter.
The (re)insuer said that its losses were “predominantly” as a result of the Gustav and Ike losses of
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