Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

magazine

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.

‹ Previous2016-10-13Next ›


13 Oct 2016

Download PDF

Page flip version

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

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.

The Shares team
Disclaimer

Issue contents

Big News

Cover Story

Editor's View

Feature

Funds

Great Ideas

Great Ideas Update

Investment Trusts

Larger Companies

Money Matters

Smaller Companies

Story In Numbers

Talking Point

Under The Bonnet

Week Ahead

Your Views

Magazine archive


31 Jul 2025
24 Jul 2025
17 Jul 2025

10 Jul 2025
3 Jul 2025
26 Jun 2025

19 Jun 2025
12 Jun 2025
5 Jun 2025