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Berkshire Hathaway expects $1.3bn pre-tax CA wildfire insurance loss

The conglomerate reported after-tax cat losses of $1.2bn related to Hurricanes Helene and Milton in 2024.

Jairo Ibarra, 24 February 2025
Sanders Re launch adds $300mn bringing total volume offered to $1.1bn

Pricing fell by 13.5% on a weighted average basis across deals that updated last week.

Jai Singh, 24 February 2025
Florida: Demand, resilience, LA spillover will all be talking points

Several Florida start-ups are poised to begin writing business this year.

Fiona Robertson, 24 February 2025
Behind the Headlines: Liberty’s Jane Warren on protecting underwriting margin and female leadership

What does it take to stay profitable as the insurance cycle shifts — and why is leadership diversity still lagging in the London market?

01 May 2025
QBE lowers reinsurance retention on US risks by 15% to $300mn

Modest increases to reinsurance costs were partly offset by the Australia cyclone pool.

Jai Singh, 21 February 2025
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

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