Reinsurers
-
The start-up has achieved an A- credit rating from AM Best. -
The storm is likely to be one of the costliest weather events in Canadian history.
-
The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
-
Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA.
-
Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
-
The appointment follows a series of moves across the Miami treaty sector over the past 12-18 months.
-
Disclosures show the insurer has roughly 4,300 homeowners’ policies in effect in fire-impacted zip codes.
-
The carrier can claim separately for the Palisades and Eaton fires if necessary.
-
The carrier has received more than 3,600 claims from LA wildfires.
-
A $30bn industry loss would use one-third of Big Four’s 2025 cat budgets.
-
As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
-
The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
Related
-
Guy Carpenter chairman Priebe retires after 44-year career
April 25, 2025 -
Axis and Enstar complete $2.3bn loss portfolio transfer
April 24, 2025 -
Arora and Zeller down tools on start-up Alpine Re
April 24, 2025