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Allstate estimates reinsurance recoveries of $1.4bn from CA wildfires
The carrier estimated January cat losses of $1.08bn, or $849mn after-tax, including the fires.
Kyoung-son Song
,
20 February 2025
Specialty Risk Re closes $50mn funding round
The investors are led by PE firm NMS Capital Group.
Rachel Dalton
,
20 February 2025
SiriusPoint CA fires net loss of $60mn-$70mn will tap retrocession cover: CEO Egan
Wildfire loss ‘serves as a strong reminder not to unwind hard-fought for rates and terms’, the executive said.
Kyoung-son Song
,
19 February 2025
PCS increases Hurricane Helene loss number 14% to $14.6bn
Total combined losses for the agency’s Helene and Milton estimates stand at $31.8bn.
Jai Singh
,
19 February 2025
Progressive incurs $43mn in January cat losses due to California wildfires
The carrier said 72% of those losses occurred in personal property.
Caroline Ryan
,
19 February 2025
Aeolus Capital adds Scrocca to underwriting team
Scrocca will be based in Bermuda on focus on underwriting and risk sourcing, among other things.
Jai Singh
,
19 February 2025
LA wildfire insured loss estimates creep to $40bn+
A higher loss quantum will put a greater burden on retro programmes.
Rachel Dalton
,
19 February 2025
Farmers pegs California wildfire net losses at $600mn
The estimate is net of its per-occurrence reinsurance program and gross of tax.
Rebecca Perkins
,
19 February 2025
Liberty Mutual expects $1.4bn+ in CA wildfire losses: sources
Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
Jairo Ibarra
,
18 February 2025
Elementum launches Njord cat bond fund with US peril focus
The aim is to capitalise on cat bond market’s robust growth and US peril concentration.
Jai Singh
,
18 February 2025
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