Endurance Estimates $47.4M Catastrophe Loss
Bermuda-based Endurance Specialty Holdings Ltd. said its initial loss estimate related to several natural catastrophes that occurred in the second quarter of 2013 — including flooding in Canada and Europe and various tornadoes in the U.S. — will be $47.4 million, pre-tax and net of reinsurance and reinstatement premium. The flooding in Europe is the largest single event, representing approximately 50% of the total estimated aggregate loss.
