February 23rd, 2009

Ike Update: Revised Shareholders’ Funds Impact

Posted at 2:00 AM ET

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.

Read last week’s Hurricane Ike update >>

Additional Contributor

  • Marie-Emilie Teissier, Global Business Intelligence
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