A number of insurers have revised their Hurricane Ike loss estimates upward and more may be expected, according to an executive with Guy Carpenter reinsurance brokerage.
According to figures from Swiss Re, the storm in September of 2008 caused an insured loss of $20 billion and was that year's costliest
David Flandro, Guy Carpenter senior vice president, writing in GCCapitalideas.com, noted a handful of companies' substantial upward loss estimate revisions of marine losses, including off-shore energy installations.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
