Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 February 2018

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Q4 wildfires compound 2017 cat loss pain

10 November 2017

The Californian wildfires could add as much as another $10bn of industry losses to the 2017 catastrophe tally, as reinsurers debated whether disclosures on third quarter events were keeping pace with expectations.

Farmers has told its reinsurers that it would take around $1bn of claims from the fires, sister publication The Insurance Insider reported. But while it has called on reinsurers to help meet claims, most losses from the event are expected to be borne net by large nationwide US...

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