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

LONDON (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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