SVB estimates £5-£10m Wilma losses
SVB has conducted a preliminary assessment of the impact of Hurricane Wilma which made landfall on the US on 24 October. The company's initial estimate of the loss arising from this event, net of reinsurance and reinstatement premiums, is £5 million - £10 million.
"We have also reviewed the potential impact of Hurricane Rita which made landfall on 24 September. Our estimate of the loss to SVB, net of reinsurance and reinstatement premiums, remains at the levelOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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