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Katrina estimated claims and ratings changes

? Max Re Capital Ltd. (announced 15 September) estimates that its third-quarter earnings will be negatively impacted by $60 million to $90 million in losses from Hurricane Katrina.

? Platinum Underwriters Holdings. Ltd., (announced 15 September) preliminary estimate of losses equal to between 0.5 percent and 0.6 percent of the industry?s total, and losses from other catastrophes, including Hurricanes Dennis and Emily and flooding in Europe, will reduce its third-quarter results by an additional $16 million

? Everest Group Ltd., (announced 13 September) about one percent of total insurance industry losses, still expects to turn a profit for the year

? Endurance Specialty Holdings Ltd., (announced 13 September) preliminary estimate of net loss between $375 million to $450 million, financial strength rating of A (Excellent) and issuer credit rating of ?a? put under review with negative implications, indicating the possibility of a downgrade

? ACE Limited, (announced 12 September) preliminary estimate of losses in the $450 million to $550 million range ? XL Capital, (announced 12 September) estimate that it will pay out 1.75 percent, or around $575 million if the total industry loss is $30 billion, and $80 million in addition to be settle claims from other third-quarter catastrophes, and on September 15, A.M. Best put the company?s financial strength rating of A+ (Superior) and issuer credit rating of ?aa-? and all debt securities under review with negative implications, indicating a possible downgrade

? Montpelier Re Holdings Ltd., (announced 12 September) preliminary estimate of losses in range of $450 million to $675 million, on September 15 rating agency A.M. Best put the company?s financial strength rating of of A (Excellent) and its issuer credit rating of ?a? and all debt securities under review with negative implications, indicating a downgrade is possible

? PXRe Group Ltd., (announced 11 September) preliminary estimate of $235 million in net losses from Katrina, expects 2005 net loss of $85 million to $100 million, on September 15 A.M. Best put the company?s financial strength rating A (Excellent) and issuer credit rating of ?a? and all debt securities under review with negative implications, indicating a possible downgrade

? White Mountains Insurance Group, Ltd., (announced 9 September) estimate in a range of $150 to $300 million pretax, or $100 to $200 million after tax.

? RenaissanceRe Holdings Ltd., (announced 9 September) one percent of total insured loss, the company expects to miss previous forecasts for 2005

? Alea Group, (announced 9 September) preliminary estimate of pre-tax net losses from Hurricane Katrina in the range of $20 million to $30 million, financial strength rating downgraded on 9 September by rating agency Standard & Poor?s from A- to BBB+, based on non-Katrina related concerns, on 15 September A.M. Best confirms that Alea?s financial strength rating of A- (Excellent) and issuer credit rating of ?a-? will remain under review with negative implications, and will now include an evaluation of the impact of Hurricane Katrina

? PartnerRe Ltd., (announced 8 September) preliminary third quarter losses estimated to account for up to ten percent of shareholders? equity, or up to or $348 million, and on September 15 the company?s financial strength rating ofA+ (Superior) and issuer credit rating of ?aa-? and all debt securities were placed under review with negative implications by A.M. Best, indicating a possible downgrade

? Aspen Insurance Holdings Ltd., (announced 8 September) estimated losses in the region of $150 million after tax ? Rosemont Holdings Ltd., (announced 8 September) expects claims to be between $25 million and $30 million

? Bermuda-based Assured Guaranty Ltd., (announced 6 September) estimated public finance exposure of around $155 million ? Olympus Re, the privately-held company says it won?t release an estimate on its Katrina losses, financial strength rating downgraded to B+ from A- by A.M. Best because of concerns that claims could threaten financial stability

?Imagine Re, a privately held Bermuda reinsurer, has not released an estimate of exposure to Katrina losses, on September 15 the company?s financial strength rating of A- (Excellent) and the issuer credit rating of ?a-? were been placed under review with negative implications, by A.M. Best

? Property-catastrophe reinsurer IPC Re has not released an estimate of exposure to Katrina losses, on September 15 the company?s financial strength rating A+ (Superior) and the issuer credit rating of ?aa-? were been placed under review with negative implications, by A.M. Best

? DaVinci Re, a reinsurer partly owned by Renaissance Re, has its financial strength rating of A (Excellent) and issuer credit rating of ?a+? put under review with negative implications on September 15 by A.M. Best