UK insurers gain; insured losses from hurricane Milton in focus
** Shares of UK's non-life insurers .FTNMX303020 index up 1.04%, outperforming FTSE 100 .FTSE index which is down 0.1%
** Beazley BEZG.L up 2.1% at 770p, Lancashire LRE.L up 4.5% at 654p and Hiscox HSX.L 1.5% higher at 1,125p
** Analysts expect losses for insurers to be lower than originally anticipated from hurricane Milton as it made a category 3 landfall
** Before it made landfall, analysts had expected Milton to lead to losses of up to $100 billion for the global insurance industry and create a surge in 2025 reinsurance prices
** "It is still too early to indicate loss estimates. However, this is likely to be a >$50bn insurance industry loss," Panmure Liberum said in a note
** Barclays in a note on Tuesday had said a category 3 landfall 80 miles south of Tampa1 could cost as less as $10 bln in insured losses
** BZG and HSX among top gainers on FTSE 100, LRE among top gainers on FTSE 250
** Direct Line DLGD.L was marginally up 0.7% while Admiral ADML.L was only slightly down 0.3%
Reporting by Prerna Bedi in Bengaluru
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