GoshawK Insurance Holdings said its initial estimate of potential losses from Hurricane Charley would be less than $7m.
GoshawK, the parent company of Bermuda-based Rosemont Re, said the initial estimate was based on a combination of preliminary feedback from clients and catastrophe modelling software.
“This loss amount is comfortably within Rosemont Re's annual expected loss activity for catastrophe losses and will not materially impact the expected year end result,” said GoshawK.
