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Arch Capital doubles hurricane Ike loss estimate, impact to cat instruments still unknown

Interesting news from Arch Capital in their 2008 fourth quarter financial results that they have doubled their estimate of losses incurred from hurricane Ike. They say this is due to increased industry loss estimates of $18b to $21b as well as from additional information received from clients about actual losses.Seeing read the full article →

Amlin estimates Hurricane Ike market wide loss at over $16b

Amlin Plc have issued their latest estimate of losses sustained from Hurricane's Ike and Gustav. They expect their own losses from these two storms to be $285m, net of reinsurance and reinstatement premiums. They have also announced their own estimate of market wide losses from Hurricane Ike. They expect Ike read the full article →