UK nonlife insurers fall as Hurricane Beryl intensifies

Acuren

02/07/2024 14:26

** Shares in UK nonlife insurers  .FTNMX303020  fall as
hurricane in South Caribbean intensifies 
    ** Sub-index touches the lowest level since Feb. 28
    ** Hurricane Beryl, which is expected to hit Jamaica on
Wednesday and the Cayman Islands later in the week, has
strengthened to a Category 5 storm
    ** Largest sub-index constituent Admiral  ADML.L  down 1.7% 
    ** Beazley  BEZG.L  falls 4.7%, largest mover on hurricane
update; also top loser on FTSE bluechip  
    ** BEZG on track to log worst day of losses since Aug. 1 if
trend holds 
    ** Sub-index down about 2.6% vs. FTSE 100  .FTSE  fall of
0.4% 
    ** Lancashire  LRE.L  falls 4.2% while Hiscox  HSX.L  and
Direct Line  DLGD.L  lose 2.5% and 0.6%, respectively
    ** Sub-index up 4.1% so far this year 

    
  

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))