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 readLast updated: January 26, 2026

Published by Global Banking and Finance Review
Posted on February 6, 2025
1 min readLast updated: January 26, 2026

Hannover Re anticipates €500-700M in claims from LA fires, with industry losses reaching $30-40B, according to CEO Jean-Jacques Henchoz.
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)
The article discusses Hannover Re's expected claims of €500-700 million due to fires in Los Angeles.
Industry-wide losses from the Los Angeles fires could total between $30 billion and $40 billion.
The estimates were provided by Hannover Re's CEO, Jean-Jacques Henchoz.
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