TicaC/shutterstock.com_1107947153

29 January 2025Insurance

Chubb suffers estimated $1.5bn losses on California wildfires

US P&C carrier Chubb likely suffered $1.5 billion in pre-tax losses on wildfires that swept through regions near Los Angeles in the early weeks of 2025, chief executive Evan Greenberg (pictured) has said.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

California issues moratorium after Los Angeles wildfire emergency

13 January 2025 Insurers barred from cancelling or non-renewing residential insurance for wildfire risk.

Los Angeles wildfire losses to hit primary market hardest

13 January 2025 European conglomerates AXA XL and Zurich may have commercial lines exposure.

LA wildfires threaten insurers’ budgets as losses mount to historic highs

10 January 2025 Insured losses could hit up to $20bn, early estimates reveal.

More articles

Benign loss trend in workers comp muddles Berkley’s bear call

Insurance cycle turns in large-cap, still clear in mid-cap: Greenberg

MS Amlin expands Phoenix Re sidecar to $90m for 2025

Insurance lags behind in digitisation of risk management

Casualty reinsurance rate remains way behind the curve: Berkley

RenaissanceRe suffers $540m in net outflows from its ILS stable FY2024

CRC lures Lockton and Brown & Riding executives in expansion strategy

SRS, Jireh launch Bermuda SPI Strata to serve ILS market

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze