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New York–Although executives speaking here at an insurance conference yesterday said their companies still didn’t have adjusters in Katrina-impacted areas to assess damages, they also cited market opportunities following the devastation.

“This is a significant event for our company,” said PXRE CEO Jeff Radke during a presentation at the Keefe, Bruyette & Woods Insurance Conference. He added, however, that while it isn’t possible to develop a credible loss estimate for his Bermuda-based reinsurer yet, “our loss will leave us with enough capital to really thrive in the market opportunity that’s going to follow at Jan. 1.”

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