Katrina losses rise as Chaucer ups 2006 capacity
Lloyd’s (re)insurer Chaucer has increased its Hurricane Katrina loss estimate from £35m to £47.5m and is to increase its 2006 capacity to £450m from £400m in 2005.
The company also unveiled an estimated net loss of £20m arising from Hurricanes Rita and Wilma and said that this and the change to the Katrina estimate will have a combined impact on pre-tax profitsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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