Reported about 5 hours ago
Swiss Re announced that claims from the recent wildfires in Los Angeles are projected to be below $700 million, impacting their first quarter results. This follows significant devastation, with over 16,000 structures affected and more than two dozen fatalities. The expected claims are less than competitors Munich Re and Hannover Re, although industry-wide losses could reach $45 billion. Swiss Re also reported a 3.1% increase in net profit for 2024.
Source: YAHOO