EUR1.2bn LA wildfire loss won’t impact 2025 EUR6bn target: Munich Re
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EUR1.2bn LA wildfire loss won’t impact 2025 EUR6bn target: Munich Re

The carrier expects the market loss to land at $35bn-40bn.

By Rebecca Perkins
February 26, 2025
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Group CFO Christoph Jurecka

Munich Re’s claims estimate of EUR1.2bn ($1.3bn) for the Los Angeles wildfires would have been higher if it hadn’t acted to re-underwrite its California book in recent years, according to group CFO Christoph Jurecka.

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Topics

Reinsurance News Munich Re Results Catastrophe losses California North America Wildfire
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