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Outgoing chief Søren Scheuer will become a non-executive director. -
Investigators are homing in on the likely causes of the incidents.
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The number of structures damaged may put the event on par with the fires of 2017 and 2018.
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The executive has been with the firm for 27 years.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.
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The political violence market is in a competitive stage thanks to an influx of capacity.
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Total economic and insured losses are “virtually certain” to reach into the billions.
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Behind Axa XL, Convex wrote a 9.5% line on the all-risks reinsurance programme.
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A roundup of all the news you need, including the latest on 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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Plus, the latest people moves and all the top news of the week.
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