Insured cat losses could top $200bn in 2025: AIG’s Zaffino
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Insured cat losses could top $200bn in 2025: AIG’s Zaffino

The LA fires ‘demonstrate the magnitude of tail events not well captured in modelling’.

By Liz Bury
February 12, 2025
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Peter Zaffino headshot 2022.jpg

Peter Zaffino, AIG CEO, said 2025 could be a year of more than $200bn in insured cat losses which could “recalibrate the entire industry,” on the firm’s Q4 earnings call.

The

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News Catastrophe losses AIG Property treaty Sidecars Renewals North America California Wildfire
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