(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,

Bermudian-based Lancashire Holdings Ltd, the global specialty insurer and reinsurer, has estimated that its aggregate net ultimate losses relating to last month’s wildfires in California will be in

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.