Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Hannover Re sees Los Angeles fires claims of 500-700 million euros
    Finance

    Hannover Re sees Los Angeles fires claims of 500-700 million euros

    Published by Global Banking and Finance Review

    Posted on February 6, 2025

    1 min read

    Last updated: January 26, 2026

    A haunting image representing the aftermath of a militia attack in eastern Congo's Ituri province, where over 35 civilians were killed. This violence highlights ongoing conflicts in the region related to land and resource disputes.
    Scene depicting aftermath of militia attack in eastern Congo - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Hannover Re anticipates €500-700M in claims from LA fires, with industry losses reaching $30-40B, according to CEO Jean-Jacques Henchoz.

    Hannover Re Estimates €500-700M Claims from LA Fires

    FRANKFURT (Reuters) - Fires in the Los Angeles area may result in claims of between 500 million euros ($518.95 million) and 700 million euros for the reinsurer Hannover Re, the company's chief executive Jean-Jacques Henchoz said on Thursday.

    He said that industry-wide losses could total between $30 billion and $40 billion.

    ($1 = 0.9635 euros)

    (Reporting by Tom Sims and Alexander Huebner, Editing by Miranda Murray)

    Key Takeaways

    • •Hannover Re expects claims of €500-700 million.
    • •Los Angeles fires could lead to $30-40 billion in industry losses.
    • •CEO Jean-Jacques Henchoz provided the estimates.
    • •The exchange rate is $1 = 0.9635 euros.
    • •The fires have significant financial implications.

    Frequently Asked Questions about Hannover Re sees Los Angeles fires claims of 500-700 million euros

    1What is the main topic?

    The article discusses Hannover Re's expected claims of €500-700 million due to fires in Los Angeles.

    2What are the estimated industry losses?

    Industry-wide losses from the Los Angeles fires could total between $30 billion and $40 billion.

    3Who provided the estimates?

    The estimates were provided by Hannover Re's CEO, Jean-Jacques Henchoz.

    More from Finance

    Explore more articles in the Finance category

    Image for Asian stocks up, gold bouncing back in calmer trade
    Asian stocks up, gold bouncing back in calmer trade
    Image for Oil steady as markets consider possible U.S.–Iran de-escalation, firm dollar
    Oil steady as markets consider possible U.S.–Iran de-escalation, firm dollar
    Image for Activist shareholder ACCR, pension funds urge BP to show shift to oil and gas will deliver value
    Activist shareholder ACCR, pension funds urge BP to show shift to oil and gas will deliver value
    Image for Google Cloud, Liberty Global strike five-year AI partnership
    Google Cloud, Liberty Global strike five-year AI partnership
    Image for EU proposals set to limit EV sales from 2035, says campaign group
    EU proposals set to limit EV sales from 2035, says campaign group
    Image for Metals, crude oil dive in broad commodities market tumble
    Metals, crude oil dive in broad commodities market tumble
    Image for Trading Day: Solid data over hard assets
    Trading Day: Solid data over hard assets
    Image for Exclusive-OpenAI is unsatisfied with some Nvidia chips and looking for alternatives, sources say
    Exclusive-OpenAI is unsatisfied with some Nvidia chips and looking for alternatives, sources say
    Image for Crypto market volatility triggers $2.5 billion in bitcoin liquidations
    Crypto market volatility triggers $2.5 billion in bitcoin liquidations
    Image for Germany's ProSiebenSat.1 Media reports lower revenue for 2025
    Germany's ProSiebenSat.1 Media reports lower revenue for 2025
    Image for Germany's BayWa in talks with financiers and shareholders on possible changes to restructuring process
    Germany's BayWa in talks with financiers and shareholders on possible changes to restructuring process
    Image for Swiss National Bank Chairman says current situation not easy for policy
    Swiss National Bank Chairman says current situation not easy for policy
    View All Finance Posts
    Previous Finance PostHungary's MVM sees E.ON Energie Romania deal closing in June or July
    Next Finance PostSwedish police confirm several licensed rifles found at scene of mass shooting