Hurricane cost to be counted in UK

Insurance Age staff
01 Dec 2005

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Recent hurricane losses will probably end up filtering down to the UK broking market in the energy and property sectors according to one London market broker.

Toby Esser, group ceo, Cooper Gay said he believed that hurricane losses, currently estimated at between £40-£60bn in total insured loss estimates, would filter down to the UK broking sector.

"These losses will cross over all classes of business if you are a UK buyer," commented Mr Esser, "and there will be a fundamental impact on the

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