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Endurance Sees Losses From Tornadoes Up To $55M

Reinsurer Endurance Specialty Holdings Ltd. said it expects the April tornadoes that struck several Southern states will results in losses between $45 million and $55 million.

By Associated Press | Updated on May 19, 2011

NEW YORK (AP) — Reinsurer Endurance Specialty Holdings Ltd. on Wednesday said it expects the April tornadoes that struck several Southern states will results in losses between $45 million and $55 million.

The Bermuda-based property and casualty company said that estimate applies to twisters that struck in Alabama, Arkansas, Georgia and Virginia. Most of the losses are related to reinsuring regional homeowner and farm mutual insurance companies in the region.

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