German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims May 13, 2025 By Tom Sims and Alexander Hübner Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils April 30, 2025 By L.S. Howard Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been...
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B April 21, 2025 By L.S. Howard Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 –...
US Excess & Surplus Lines Boost London Market Re/Insurers’ Topline Growth April 16, 2025 By L.S. Howard The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the...
Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires February 27, 2025 By Tom Sims and Paul Arnold Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Hübner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims February 11, 2025 By Don Jergler California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...
Insurtechs’ Approach to Wildfire Insurance: Part III – Faura January 23, 2025 By Allen Laman While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the...
Insurtechs’ Approach to Wildfire Insurance: Part II – Kettle January 22, 2025 By Allen Laman While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the...