R&SA Says Katrina Claims $46 Million

In a brief announcement the U.K.-based insurer Royal & SunAlliance said its provisional estimates of claims resulting from Hurricane Katrina were around 25 million pounds ($46 million), net of reinsurance recoveries.

R&SA added: “The losses are expected to arise in the Group’s Marine and Global and Risk Managed portfolios. The provisional loss estimate includes a very limited exposure from the Group’s US business following its restructure in 2003.”