David Flandro, Senior Vice President
Flagstone Reinsurance Holdings Ltd. has announced increased loss estimates related to Hurricanes Ike and Gustav. Earlier estimates of USD115million have been increased by USD25.2 million (21.9 percent to USD140.2 million. The change results predominately from clients in the Midwestern United States, which have been late in reporting losses because of this unusual event.
- Marie-Emilie Teissier, Global Business Intelligence