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Hannover Re pegs LA wildfire loss at EUR500mn-EUR700mn

The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.

Rachel Dalton, 06 February 2025
Allstate’s $2bn wildfire bill cut by $900mn in reinsurance recoveries 

The carrier disclosed it will book $1.1bn in net losses from the California fires.

Rebecca Perkins, 06 February 2025
Hannover Re trims K-Cession sidecar to $735mn for 2025

The reinsurer has cut the cession rate to 33% from 40% last year.

Jai Singh, 06 February 2025
Markel boosts ILS revenues 8% in 2024

The group ceded 55% more premium to Nephila over the year at $1.3bn.

Jai Singh, 06 February 2025
Kin seeks $200mn of named Florida storm coverage

The sponsor secured $100mn limit last year, paying a multiple of 8.3x.

Jai Singh, 06 February 2025
Allstate expecting a $1.1bn pre-tax loss from California wildfires

The carrier has been reducing its presence in the state since 2007.

Kyoung-son Song, 05 February 2025
USAA’s wildfire losses of $1.6bn-$2.2bn will further erode Res Re deductibles

The carrier has recognised two separate losses for the Palisades and Eaton fires.

Jai Singh, 05 February 2025
Florida SBA adds $70mn to RenRe in Q4

The value of its investment in RenRe stood at $330.4mn as of 30 June 2024.

Jai Singh, 05 February 2025
Bermuda Supreme Court sanctions scheme of arrangement for R&Q Re

The restructuring arrangement is designed to protect creditors.

Samuel Casey, 05 February 2025
Willis promotes Easton to dual ART/risk & analytics role

Derrick Easton has led Willis’s US ART team since joining the company in 2015.

Jai Singh, 05 February 2025

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