Bermuda-based ACE Ltd. announced that estimated net after-tax losses for the ACE Group of Companies from Hurricane Wilma, the Category 4 storm that initially struck Mexico’s Yucatan Peninsula and then Florida in late October, will amount to approximately $250 million, net of tax and reinstatement premiums.
ACE will provide 2006 guidance on Thursday, Dec. 15, 2005.
Was this article valuable?
Here are more articles you may enjoy.
State Farm Sued Over Policies Backed by Distressed Insurer PHL 
Toyota Unveils Concept LFA Supercar, and It’s Fully Electric 
Florida And East Coast Will See Big Losses From More Cat 5 Storms, Researchers Say 
Standard Chartered Settles $2 Billion Iranian Sanction Suit in London 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.