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
In a recent video interview with Reinsurance News, James Vickers, Chairman of Gallagher Re’s International division, discussed the current state of the casualty reinsurance market,
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
Catastrophe Indices and Quantification Inc. (CatIQ) has released its fourth industry loss estimate for the wildfire that impacted Jasper, Alberta, from July 22 to August
Risk management isn’t what it used to be. Gone are the days of simply reacting to threats after the fact. Instead, thanks to breakthroughs in
Fitch Ratings has noted that the Los Angeles wildfires will cause certain catastrophe bonds to experience partial principal losses, though these are not anticipated to
According to a recent report from S&P Global Ratings, the ongoing Los Angeles wildfires could significantly impact homeowners, with insurance rates in the region likely
US specialty insurance group Assurant expects to record approximately $50 million pre-tax, or $40 million after-tax in losses from natural catastrophes for the fourth quarter
A recent Reinsurance News poll sought insights from industry experts and observers regarding the estimated insured loss from the devastating Eaton and Palisades wildfires in
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