Aspen Insurance Holdings Limited announced that its loss estimates resulting from Hurricane Charley are in the range of $35 to $50 million after reinsurance and tax.
CEO Chris O’Kane commented: “We have received relatively little loss information from clients. The range is therefore based on industry loss estimates and modeling results, which are inherently uncertain.” As a result, the actual impact on losses from the hurricane could differ materially from the stated estimates.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
