Hurricane Milton's Industry Losses Could Weigh on Shares of European, Lloyd's Reinsurers -- Market Talk

Dow Jones10-10

1140 GMT - Hurricane Milton is likely to result in a more than $50 billion insured loss for the industry based on its current trajectory and losses from Hurricane Ian in 2022, JP Morgan says in a research note as the storm approaches Florida. This would more than use up fourth-quarter loss budgets and potentially lead to earnings downgrades for most European and Lloyd's of London reinsurers, analysts say. They estimate the potential share-price impact to amount to a 3% to 7% drop for a $50 billion event, 4% to 11% falls for an $80 billion event and between 5% and 14% for a $100 billion one. Industry loss estimates are typically calculated between four and 10 days after landfall, with companies usually sharing the size of their exposures three to four weeks after the event. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

October 10, 2024 07:40 ET (11:40 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474711988?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-10 19:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474711988","market":"hk","top_or_hot":-1,"title":"Hurricane Milton's Industry Losses Could Weigh on Shares of European, Lloyd's Reinsurers -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1140 GMT - Hurricane Milton is likely to result in a more than $50 billion insured loss for the industry based on its current trajectory and losses from Hurricane Ian in 2022, JP Morgan says in a research note as the storm approaches Florida. This would more than use up fourth-quarter loss budgets and potentially lead to earnings downgrades for most European and Lloyd's of London reinsurers, analysts say. They estimate the potential share-price impact to amount to a 3% to 7% drop for a $50 billion event, 4% to 11% falls for an $80 billion event and between 5% and 14% for a $100 billion one. Industry loss estimates are typically calculated between four and 10 days after landfall, with companies usually sharing the size of their exposures three to four weeks after the event. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2024 07:40 ET (11:40 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hurricane Milton's Industry Losses Could Weigh on Shares of European, Lloyd's Reinsurers -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHurricane Milton's Industry Losses Could Weigh on Shares of European, Lloyd's Reinsurers -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 19:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1140 GMT - Hurricane Milton is likely to result in a more than $50 billion insured loss for the industry based on its current trajectory and losses from Hurricane Ian in 2022, JP Morgan says in a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MURGY","symbol_name":"Muenchener Rueckver Ges","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474711988","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474711988","pubTimestamp":1728560400,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1140 GMT - Hurricane Milton is likely to result in a more than $50 billion insured loss for the industry based on its current trajectory and losses from Hurricane Ian in 2022, JP Morgan says in a research note as the storm approaches Florida. This would more than use up fourth-quarter loss budgets and potentially lead to earnings downgrades for most European and Lloyd's of London reinsurers, analysts say. They estimate the potential share-price impact to amount to a 3% to 7% drop for a $50 billion event, 4% to 11% falls for an $80 billion event and between 5% and 14% for a $100 billion one. Industry loss estimates are typically calculated between four and 10 days after landfall, with companies usually sharing the size of their exposures three to four weeks after the event. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MURGY":"Muenchener Rueckver Ges","SCRYY":"SCOR","HVRRY":"Hannover Re","BK4019":"再保险"},"translate_title":"飓风米尔顿的行业损失可能会打压欧洲劳合社再保险公司的股价——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVRRY":0.9,"MURGY":0.9,"SCRYY":0.9},"content_text":"1140 GMT - Hurricane Milton is likely to result in a more than $50 billion insured loss for the industry based on its current trajectory and losses from Hurricane Ian in 2022, JP Morgan says in a research note as the storm approaches Florida. This would more than use up fourth-quarter loss budgets and potentially lead to earnings downgrades for most European and Lloyd's of London reinsurers, analysts say. They estimate the potential share-price impact to amount to a 3% to 7% drop for a $50 billion event, 4% to 11% falls for an $80 billion event and between 5% and 14% for a $100 billion one. Industry loss estimates are typically calculated between four and 10 days after landfall, with companies usually sharing the size of their exposures three to four weeks after the event. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 10, 2024 07:40 ET (11:40 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474711988"}