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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
Moody’s Insurance Advisory hires Mican for global ILS role

Insurance Insider ILS revealed last week that the executive was leaving Property Claims Services.

Samuel Casey, 17 February 2025
PCS combined estimate at $33.9bn for Palisades and Eaton

The loss aggregator has classified the fires as two separate events for reinsurance purposes.

Jai Singh, 17 February 2025
Cat bond deals grew 21.1% from initial targets last week

New limit of $474mn entered the market across two deals.

Jai Singh, 17 February 2025

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