Beazley estimates California wildfire costs at $40m
Beazley
665.50p
17:04 24/04/24
-0.37%
-2.50p
Specialist insurer Beazley on Thursday said its early estimate of the cost of claims from the recent California wildfires is $40m (£31m), net of reinsurance.
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The company said investment markets continue to be volatile and its year to date investment return to 30 November 2018 was 0.5% ($27m).