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)
