Hannover Re pegs LA wildfire loss at EUR500mn-EUR700mn
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Hannover Re pegs LA wildfire loss at EUR500mn-EUR700mn

The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.

By Rachel Dalton
February 06, 2025
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Jean-Jacques Henchoz

Hannover Re has estimated its net loss for the Los Angeles (LA) wildfires will be EUR500mn-EUR700mn ($512mn-$593mn), based on an industry loss quantum of $30bn-$40bn.

On

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Topics

News Catastrophe losses Property treaty Reinsurers Hannover Re
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