"Lloyd's insurers shares jump on hope Hurricane Irma losses will be less than feared"

From City AM:

Shares in Lloyd's of London insurers leapt this morning on the hope losses from Hurricane Irma will be less than previously feared.

Lancashire's share price popped over seven per cent, Hiscox was up almost four per cent and Beazley nearly six per cent.

The wider European insurance index of stocks rose two per cent, putting it on course for its best day for four months, as continental reinsurers were also boosted.

“Insured losses (overall) are now expected to be less than many feared,” Credit Suisse analysts said....MORE