HCC has said that anticipated gross claims from Hurricane Wilma are estimated at $30m.
The company said the claims arise from aviation, property and other specialty lines of business.
It added that the net loss after reinsurance and including reinsurance reinstatement costs is estimated at $13m after tax.
Stephen L. Way, chairman and chief executive officer, said: "Although Wilma is not the magnitude of Katrina, it is the third major hurricane loss this year and should have a profound effect on rates in many of our specialty lines of business.
"It is time for the industry to recognize the size and the frequency of the catastrophe events that it has to cover and charge appropriate premiums to pay for them."
The Awards Ceremony on Wednesday, December 3rd, at the stunning JW Marriott Grosvenor House London, is the biggest night in the UKGI calendar.
It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
It's the perfect way to acknowledge hard work, inspire your team, and network with industry leaders.
Crucially, as many of our attendees have done before, you can use your table booking as the perfect, hassle-free Team Christmas Party, combining prestige, celebration, and a memorable night they'll talk about all year!
Tables are selling fast for this exclusive event. Don't miss your chance to secure a prime spot and give your team the recognition and celebration they deserve.
