Aspen Puts Charley Losses between $35-50 Million

Aspen Insurance Holdings Limited announced that its loss estimates resulting from Hurricane Charley are in the range of $35 to $50 million after reinsurance and tax.

CEO Chris O’Kane commented: “We have received relatively little loss information from clients. The range is therefore based on industry loss estimates and modeling results, which are inherently uncertain.” As a result, the actual impact on losses from the hurricane could differ materially from the stated estimates.