October 2005/5

Lloyd's insurer Catlin announced on 19 October that it expects to be hit with estimated net losses of $60mn from the damage caused by Hurricane Rita. The group's gross loss estimate for Rita is $90mn with the insurer expecting to receive $30mn from...

America’s second largest personal line insurer Allstate has said it will reduce coverage of homeowners’ risks in the Gulf Coast region after being hit by a $1.55bn loss in the third quarter as a result of Hurricane Katrina. Speaking to analysts in a...

Atrium Underwriting plc has increased the loss estimates from Hurricane Katrina on its two syndicates from £42.7mn to £52.7mn. The majority of the increase occurred on Syndicate 609 which climbed from £32.8mn to £42.6mn.

Industry veteran Don Kramer has agreed to buy the infrastructure of GoshawK’s Rosemont Re to establish a new $750mn+ private equity backed Bermudian reinsurer. In an announcement to the London Stock Exchange this morning (24 October), GoshawK...