Endurance reports WIlma related losses

By Canadian Underwriter | November 23, 2005 | Last updated on October 2, 2024
1 min read

Endurance Specialty Holdings Ltd. will incur a loss of $120 million before tax due to the effects of Hurricane Wilma.This represents an anticipated preliminary estimate that includes an estimated $35 million in gross losses that resulted from storm damage in Mexico’s Yucatan Peninsula, according to the Company. The majority of the other losses are a result of damages in Florida.Just last month, the Bermuda-based reinsurer reported a net loss of $170.7 million for the second-quarter of 2005, compared with a profit of $242.5 million for the same period in 2004.

Canadian Underwriter