Swiss Re announces Nat Cat estimates
Swiss Re has announced that based on current estimates, it expects its aggregate claims related to hurricanes Charley and Frances to be below $300m before tax. It added these events will not change Swiss Re’s positive outlook for 2004 and its combined ratio target for the full year of 96%.
Hurricane Frances made landfall in Florida on 5 September 2004 as a class 2 hurricane with winds of up to 170 km/h, causing significant damage to property. The insured loss is expected to be in 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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