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The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016. -
The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Augment has been building its staff base after launching with Altamont backing in 2023.
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Investigators are homing in on the likely causes of the incidents.
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It has been a “good” bad renewal for cat reinsurers, with attachments likely to endure in the medium term.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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AM Best said it expects insured losses from the California wildfires to be “significant”.
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Innovation will become more important to sustain strong results absent pricing tailwinds.
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The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
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Hurricane Milton resulted in the largest insured loss of the year at $25bn.
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The Corporation’s CEO will run Aon Reinsurance Solutions.
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Christa Schwimmer has joined the leadership team alongside Stefan Golling.
