insurance

Broking group BMS has said that it expects the insurance and reinsurance market losses from the Los Angeles region of California wildfires are likely to exceed $25 billion, while analysts at KBW have analysed what an industry loss of up to $40 billion might mean for the market.

Autonomous Research has raised its estimate for insurance and reinsurance market losses from the Los Angeles, California wildfires to $25 billion and the research firm believes as much as $18 billion of the total may come from the Palisades fire alone.

The question of potential recoveries from subrogation of claims has emerged in relation to the ongoing wildfires in Los Angeles and Southern California, with electrical utility Southern California Edison in focus as questions arise over whether its equipment may have caused any of the fires.

We are delighted to reveal the final wave of speakers for our upcoming catastrophe bond and insurance-linked securities (ILS) conference. Artemis ILS NYC 2025 is being held in New York on February 7th. Tickets are still available but selling fast, so please register soon to ensure you can join us at the event.

Analysis from ICEYE, the provider of satellite data and services to inform decision-making and analysis, suggests that more than 10,900 buildings have likely been destroyed by the Palisades and Eaton wildfires in Los Angeles County.

A number of catastrophe bonds have experienced negative secondary market price movements due to potential exposure to aggregate attachment erosion, or actual losses, from the Los Angeles and Southern California wildfires. Here we detail a number of the biggest movers, based on information seen and conversations with sources in the cat bond market.

Evercore ISI analysts have updated their estimate of the potential insurance and reinsurance market impact from the Los Angeles and Southern California wildfires, saying they believe the total could reach $20 billion to $25 billion, higher if the situation does not improve, while also suggesting the fires may be treated as one event for reinsurance […]

Gallagher Re is the first reinsurance broker to publicly provide a provisional industry loss estimate for wildfires impacting the Los Angeles and Southern California region, saying that total aggregated insured losses, largely from the Palisades and Eaton fires, are “expected to notably exceed USD10 billion.”

Insurer Mercury General Corporation has said that it expects the ongoing wildfires in Los Angeles, California will result in losses for the company that will exceed its reinsurance retention of $150 million.

With loss estimates for the Los Angeles, California wildfires having risen, there is now likely to be “considerable attachment erosion” for some aggregate catastrophe bonds that hold exposure to the wildfire peril, Florian Steiger, CEO of Icosa Investments AG has said.