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News - Goshawk braces for results roundup.
(From Reinsurance)
Goshawk has announced that its results for the first half of 2005 will be hit by higher than expected losses from last year's Hurricane Ivan.
The company said that its marine account had been hit by energy-catastrophe losses that were caused when the hurricane ripped through offshore oil fields in the Gulf of Mexico in 2004.
Goshawk said that it had set aside a reserve in excess-of-loss advices previously received, but that the total of the loss advices received exceeds the ...
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