15 July 2016Insurance

Endurance estimates its share of $10bn global cat losses

Endurance Specialty Holdings has provided an initial estimate of $55.5 million net negative financial impact to the company in the second quarter of 2016 from the Fort McMurrary wildfires in Canada, the storms in Texas and Europe, and the Kumamoto earthquake in Japan, which have collectively generated approximately $10 billion in industry losses.

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