FBD puts Ophelia net loss at $2.9mn

Irish insurance firm FBD has announced that its cost of claims from
Storm Ophelia net of reinsurance would be EUR2.5mn ($2.9mn).
However, the overall net impact from the storm would be between
EUR4.0mn and EUR6.0mn after the payment of an additional
reinsurance premium to reinstate its catastrophe weather limits for
the balance of the year, it said.
The storm is likely to have inflictedmore than EUR1.5bn in damage, according to an estimate from
Chuck Watson of Enki Research in...