Advent to raise £30mn as its hurricane loss estimates mount; second Lloyd’s (re)insurer to burn through reinsurance cover
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Advent to raise £30mn as its hurricane loss estimates mount; second Lloyd’s (re)insurer to burn through reinsurance cover

28 November 2005
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Lloyd's reinsurer Advent Capital has increased its Katrina loss estimate by almost 50 percent and unveiled plans for a heavily discounted £30mn equity issue to fund its underwriting for next year.

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News November 2005/5
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