Lloyd's announced today that it has provisional loss estimates for net claims from Hurricanes Gustav and Ike in the vicinity of $2.34 billion (?1.3 billion).
For the entire insurance industry the hurricane losses according to analysts estimates total $20-25 billion, Lloyd's said.
Based on current estimates that cover onshore and offshore claims across both windstorms, there will be a negligible impact on Lloyd's capital and no Central Fund exposure, Lloyd's said. The announcement also included a rundown on 2007 storm activity.
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