Insurer Beazley sees $125-175 mln hit from Hurricanes Helene, Milton-March 2024-www.financetom.com

Insurer Beazley sees $125-175 mln hit from Hurricanes Helene, Milton

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Insurer Beazley sees $125-175 mln hit from Hurricanes Helene, Milton

Nov 6, 2024 1:21 AM

LONDON, Nov 6 (Reuters) - Lloyd's of London insurer

Beazley said on Wednesday that its initial view of its

net exposure to Hurricanes Helene and Milton, which caused huge

damage in Florida in recent weeks, was between $125 and $175

million.

Insurance written premiums rose by 7% to $4.6 billion in the

nine months to end-September and Beazley is on track to deliver

its full-year guidance, it said in a trading statement.

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