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Endurance takes $55m catastrophe hit

Devastating blaze: Endurance estimated second-quarter catastrophe losses of $55 million, led by this wildfire in Alberta in May

Endurance Specialty Holdings Ltd, the Bermudian insurer that acquired Montpelier Re Holdings Ltd, said second-quarter catastrophes probably cost $55.5 million.

The losses were led by wildfires in Canada, storms in Texas and Europe and an earthquake in Japan, the company said in a statement.

Others to have declared second-quarter catastrophe losses include Chubb ($390 million), XL Catlin ($240 million), Aspen ($65 million) and Validus ($60 million).