January 8th, 2009

Chart: European Composite Hurricane Exposures

Posted at 12:57 AM ET

Losses from Hurricanes Gustav and Ike contributed substantially to technical profit declines. Hurricane losses were more significant as a percentage of capital for smaller European companies than for larger ones. Relative loss of capital appears to have been broadly, although not exactly, correlated to size. Hannover Re and Flagstone were hit hardest, with each losing 9 percent of its capital.

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