Hardy will lose 12 percent of tangible book value from the Thai floods, whereas Catlin at the other extreme will forfeit less than 1 percent of book value, Espirito Santo insurance analyst Joy Ferneyhough has estimated.
Hardy will lose 12 percent of tangible book value from the Thai floods, whereas Catlin at the other extreme will forfeit less than 1 percent of book value, Espirito Santo insurance analyst Joy Ferneyhough has estimated.