In a brief announcement the U.K.-based insurer Royal & SunAlliance said its provisional estimates of claims resulting from Hurricane Katrina were around 25 million pounds ($46 million), net of reinsurance recoveries.
R&SA added: “The losses are expected to arise in the Group’s Marine and Global and Risk Managed portfolios. The provisional loss estimate includes a very limited exposure from the Group’s US business following its restructure in 2003.”
Was this article valuable?
Here are more articles you may enjoy.
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s 
Satellite Data Reveals Hurricane Melissa Damage in Jamaica 
Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 
Security First the Latest in Florida to Announce Home Insurance Rate Cut 
