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Beazley sees earnings hit of about $150 mln from hurricanes, Mexico earthquakes
September 29, 2017 / 6:19 AM / 2 months ago

Beazley sees earnings hit of about $150 mln from hurricanes, Mexico earthquakes

Sept 29 (Reuters) - Lloyd’s of London insurer Beazley Plc estimated losses from Atlantic Hurricanes Harvey, Irma and Maria and a series of earthquakes in Mexico would reduce 2017 earnings by about $150 million.

The insurer’s early estimates point to aggregate net cost from the hurricanes and earthquakes of between $175-$275 million, it said on Friday.

Beazley said it would provide a further update on Nov. 9, adding that there is still significant uncertainty surrounding the cost of these events. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Rachel Armstrong)

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