Hannover Re expecting minor losses from Hurricane Gustav
Wilhelm Zeller, chief executive officer of Hannover Re, took the opportunity at a press breakfast in Monte Carlo to give an early indication of the scale of losses from hurricane Gustav , which swept across the Gulf of Mexico and Louisiana at the end of August.
The relevant international modelling agencies estimate that the storm caused insured losses in the range of $1.5-8 bn. The total amount can be broken down into around $1.5-4 bn for offshore business
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