Novae Group Regulatory News (NVA)

9 Sep 2005 10:12

SVB Holdings PLC09 September 2005 NEWS RELEASE For immediate release SVB HOLDINGS PLC Hurricane Katrina The damage resulting from Hurricane Katrina is a major event for the insuranceindustry. The assessment of loss from a disaster of this nature is a complexprocess and will take time to complete. On the assumption that the insured loss is estimated at $40 billion, our currentexpectation is that the loss to SVB, net of reinsurance and reinstatementpremiums will be around £25 million. SVB will announce its interim results for the period ended 30 June 2005 onFriday, 16 September 2005. Enquiries: Matthew Fosh - SVB Holdings PLC 020 7903 7300 Nick Miles - M:Communications 020 7153 1535 This information is provided by RNS The company news service from the London Stock Exchange