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Hurricane Matthew losses: $15b

Early indications are storm damage is less than feared

Shares in Lloyd’s insurers gained after Hurricane Matthew failed to cause widespread damage in Florida – though analysts say insured losses could still be in the range of $5bn to $15bn.

Insurers potentially impacted by the event include Lancashire (LRE), Hiscox (HSX), Beazley (BEZ) and Novae (NVA).

Reinsurance taken out by these businesses should limit the damage from Hurricane Matthew and early indications are for around a 5%-10% hit on Lloyd’s insurers’ pre-tax profits, say analysts at Stockdale.

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13 Oct 2016

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Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

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