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Disclosures show the insurer has roughly 4,300 homeowners’ policies in effect in fire-impacted zip codes. -
In the food and beverage market, rates are falling by an average of 3%-4%.
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The carrier can claim separately for the Palisades and Eaton fires if necessary.
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The reinsurance attaches at $7bn, unchanged for the past two years.
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Market softening means exploiting hardening niches is the name of the game.
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Philip Ryan and Sir Paul Tucker will not stand for re-election.
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High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
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Moody’s also expects losses in the billions of dollars.
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Six fires now cover more than 27,000 acres across Southern California.
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Julia Willberg joins from Hannover Re, where she has held several senior roles.
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Tim Watson most recently served as a senior credit and political risk underwriter.
