Cat bond market poised for strong 2025 despite LA wildfire impact: AM Best – Go Health Pro

Cat bond market poised for strong 2025 despite LA wildfire impact: AM Best – Go Health Pro

2025 is shaping to be another strong year for catastrophe bond and insurance-linked securities (ILS) issuance following record growth seen across the market last year, despite the fallout from the Los Angeles wildfires in January, says global ratings agency AM Best.Full-year catastrophe bond and related ILS issuance hit a record $17.7 billion in 2024 as … Read more

Sutton looks to upsize debut Greengrove Re cat bond to provide $100m of CA wildfire cover – Go Health Pro

Sutton looks to upsize debut Greengrove Re cat bond to provide 0m of CA wildfire cover – Go Health Pro

Artemis has learned that Sutton National Group is now aiming to secure an upsized $100 million in fire reinsurance protection for California via its debut Greengrove Re Ltd. (Series 2025-1) catastrophe bond issuance.Sutton National Group launched its debut appearance in the cat bond market earlier this month, seeking to secure $75 million or more in … Read more

Los Angeles County Sues Utility Edison Over Deadly Wildfire – Go Health Pro

Los Angeles County Sues Utility Edison Over Deadly Wildfire – Go Health Pro

Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most destructive in California history. The suit alleges that equipment owned by the company’s Southern California Edison utility caused the Eaton Fire. The county claims it’s been saddled with hundreds of millions of dollars in costs … Read more

ILS Advisers Fund Index down -0.38% on wildfire impacts in Jan 2025 – Go Health Pro

ILS Advisers Fund Index down -0.38% on wildfire impacts in Jan 2025 – Go Health Pro

The ILS Advisers Fund Index has reported a -0.38% return for January 2025 on the back of the recent California wildfire losses. With 75% of ILS fund managers having reported returns for the period so far, the Index could fall further as additional data points from private ILS strategies are included.ILS Advisers noted that the … Read more

Fairfax Financial projects as much as $750 million in loss from Los Angeles wildfire – Go Health Pro

Fairfax Financial projects as much as 0 million in loss from Los Angeles wildfire – Go Health Pro

Fairfax Financial Holdings may face net losses between $500 million and $750 million from the wildfires that impacted the Los Angeles area, based on preliminary estimates, according to a report from AM Best.   During a fourth-quarter earnings presentation, president and chief operating officer Peter Clarke stated that the fires would primarily be a reinsurance event … Read more

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