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Programs did not offer adequate risk-adjusted return. -
Standards and guidelines address institutional investors’ concerns over valuation risks.
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Menzinger succeeds Rowan Douglas, CEO of climate risk & resilience at Howden.
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Secondary pricing on the carrier’s Topanga Re bond partly recovered following the guidance.
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Most carriers paid more in homeowners’ claims than they collected in premiums.
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The reinsurance attaches at $7bn, unchanged for the past two years.
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Prominent Name Dhruv Patel is the firm’s founder.
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As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
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Investigators are homing in on the likely causes of the incidents.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
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Moody’s also expects losses in the billions of dollars.
