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Reinsurance

Hiscox profit hit by revised hurricane hits

Hiscox said this morning that its estimated loss from Hurricane Wilma was $45m. It has also revised its estimates from previous hurricanes. Hurricane Katrina is now estimated to have cost $125m, up from $15m, although estimated loses from Hurricane Rita…

Wilma bill could reach $12bn

Risk Management Solutions has increased its estimate for U.S. insured losses from Hurricane Wilma to $8bn (£4.5bn) to $12bn (£6.72bn) from its original estimate of $6 to $10 billion.

Endurance posts Q3 loss

Endurance Specialty Holdings is the latest company to be battered by Hurricane Katrina, as it reported a net loss of $377m for the third quarter of 2005 versus net income of $26.8m for the same period of 2004.

Ace hurricane losses hit third quarter figures

ACE has reported a net loss for the third quarter endedSeptember 30, 2005 of $112 million (£62m) or $(0.43) per common share after payment of preferred dividends, compared with net income of $4 million or $(0.03) per share for the same quarter last year.

$6-$10bn in damage from Wilma's Florida surge

Insured losses in the U.S. from Hurricane Wilma are likely to range from $6 to $10 billion, according to Risk Management Solutions. This estimate, based on current information on landfall location and wind speeds, is comprised of onshore damage resulting…

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