Battered Goshawk may sell Rosemont Re
Bermudian reinsurer Goshawk has doubled its net Katrina loss from a range of $25m to $30m to a revised total of $60m and revealed that it is seeking a major new capital injection or an outright sale of Rosemont Re, without which Rosemont’s ability to write new business will be “severely impaired”
The firm said that it believed its core lines of property and marine to provide their best underwriting conditions since 1992, driven by supply and demand imbalances, higher capital requirements andOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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