Lloyd’s (re)insurer Advent is pulling out of wind-exposed Gulf of Mexico offshore energy after revealing its loss estimates from Hurricane Ike net of reinsurance and reinstatement premiums have almost trebled to £42mn before tax.
Lloyd’s (re)insurer Advent is pulling out of wind-exposed Gulf of Mexico offshore energy after revealing its loss estimates from Hurricane Ike net of reinsurance and reinstatement premiums have almost trebled to £42mn before tax.