California Wildfires Reshape The Reinsurance Market

California Wildfires Reshape The Reinsurance Market

In a recent briefing, Conduit Re executives highlighted the devastating impact of California wildfires on the reinsurance market, with estimated insured losses between $35 to $50 billion. Executive Chairman Neil Eckhart compared the severity of these wildfires to historic disasters, while CUO Gregory Roberts noted a likely increase in demand for reinsurance products and policy reevaluation. Conduit Re reported preliminary losses of $100 to $140 million but remains on a growth trajectory. Source and details of the news

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