Insurance Age

Hardy Underwriting estimates cost of hurricanes

Lloyd's insurer Hardy Underwriting has estimated that its combined claims exposure for hurricanes Ike and Gustav, after reinsurance and reinstatement premiums, is $23m (£14.75m). It added its exposures have originated primarily from the southern coastal states most affected by Ike, with more modest losses arising from the inland territories. There were also small amounts attributable to offshore energy risks. It said in a statement: "The expected ultimate claims for the relevant classes of busin

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: