Aegis London, the UK-based subsidiary of Aegis (Associated Electric & Gas Insurance Services), has estimated that its
consolidated total net loss for both US and UK underwritten business amounts to $75m for hurricanes Katrina and Rita.
The company also announced that ratings agency Fitch has reaffirmed the mutual's A+ financial security rating with a ‘stable' rating outlook.
Stuart Davies, managing director of Aegis London, said: "In general terms, this is a significant but manageable hurricane-related loss for AEGIS."
