(Reuters) -British insurer Lancashire Holdings said on Thursday it expects losses of between $145 million and $165 million related to the California wildfires. The ring of wildfires that devastated Los Angeles in January is expected to hit insurers with estimated losses as high as $20 billion,

Lancashire Holdings has estimated its aggregate net ultimate losses from the recent wildfires in California at $145 million to $165 million. According to

Shares of Lancashire Holdings (LON:LRE) fell by 5% today after the company announced an initial net loss estimate of between $145m and $165m for the Californian wildfires that occurred in January 2025.