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Endurance reports WIlma related losses


November 23, 2005   by Canadian Underwriter


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Endurance Specialty Holdings Ltd. will incur a loss of $120 million before tax due to the effects of Hurricane Wilma.
This represents an anticipated preliminary estimate that includes an estimated $35 million in gross losses that resulted from storm damage in Mexico’s Yucatan Peninsula, according to the Company.
The majority of the other losses are a result of damages in Florida.
Just last month, the Bermuda-based reinsurer reported a net loss of $170.7 million for the second-quarter of 2005, compared with a profit of $242.5 million for the same period in 2004.


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