Hannover Re sees Los Angeles fires claims of 500-700 million euros-March 2024-www.financetom.com

Hannover Re sees Los Angeles fires claims of 500-700 million euros

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Hannover Re sees Los Angeles fires claims of 500-700 million euros

Feb 6, 2025 12:38 AM

FRANKFURT (Reuters) - Fires in the Los Angeles area may result in claims of between 500 million euros ($518.95 million) and 700 million euros for the reinsurer Hannover Re, the company's chief executive Jean-Jacques Henchoz said on Thursday.

He said that industry-wide losses could total between $30 billion and $40 billion.

($1 = 0.9635 euros)

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