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AM Best affirms Partner Re France rating

AM Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of PartnerRe S.A. (PartnerRe SA) (France). The outlook on both ratings remains stable, in line with the outlook of its ultimate parent company…

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.

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