U.S. primary insurer Allstate has estimated that its gross losses from the Los Angeles, California wildfires will be $2 billion, and after reinsurance recoveries of
Jean-Jacques Henchoz, Chief Executive Officer (CEO) of large European reinsurer Hannover Re, said this morning that an industry loss of between $30 billion and $40
Jean-Paul Conoscente, CEO of P&C at SCOR, one of Europe’s big four reinsurers, said today that the impact of the Los Angeles wildfires should be
Executives at global broking group Marsh McLennan (MMC) said today that although it’s too early to tell exactly what impact the recent Los Angeles, California
Heritage Insurance, a super-regional P&C insurance holding company, has said that it expects to incur pre-tax, net current accident quarter catastrophe losses from the Los
According to WTW’s latest Natural Catastrophe Review, the insurance protection gap for natural catastrophes is estimated to stand at 60%, as global insured losses surpassed
Executives at Bermuda-based reinsurer RenaissanceRe (RenRe) said today that the scale of industry loss from the recent California wildfires will affect reinsurance supply and demand,
During insurer Chubb Limited’s fourth-quarter 2024 earnings call, Chairman and CEO Evan Greenberg confirmed that the company expects $1.5 billion in net pre-tax losses from
Based on preliminary insured loss estimates, Moody’s has said it expects the reinsurance sector to assume at least 30% of total insured losses from the
Fitch Ratings has noted that the Bermuda market will have a meaningful share of insured losses from the recent California wildfires for both primary business
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