Bermuda-based ACE Ltd. announced that estimated net after-tax losses for the ACE Group of Companies from Hurricane Wilma, the Category 4 storm that initially struck Mexico’s Yucatan Peninsula and then Florida in late October, will amount to approximately $250 million, net of tax and reinstatement premiums.
ACE will provide 2006 guidance on Thursday, Dec. 15, 2005.
Was this article valuable?
Here are more articles you may enjoy.
Industry Reacts to Senators’ Letter for Claims Data and Recent Reports
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge
Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments 

