North America
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Jana holds around 109,000 shares and 69,000 call options, at a $307mn total value. -
The estimate is net of its per-occurrence reinsurance program and gross of tax.
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A higher loss quantum will put a greater burden on retro programmes.
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Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
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The crash is the latest of several losses for aviation insurers in recent months.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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The insurance commissioner said the carrier has not shown the need for price increases.
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Plus, the latest people moves and all the top news of the week.
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More than 33,000 claims had been filed as of 5 February.
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The estimate covers property and vehicle claims.
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Settlements could reduce seized aircraft quantum to the mid-single billions of dollars.
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The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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