SVB predicts £10m hit from cat losses
Lloyd's insurer SVB has announced updated forecasts of potential losses incurred from weather catastrophe events, estimating its second half results will be impacted to the tune of £10m.
In a statement, the insurer said: "At the time of SVB’s interim announcement on 17 th September we gave indications of the net cost to SVB of Hurricanes Frances, Charley and Ivan. Since then there hasOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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