Munich Re estimates CA wildfire claims outlay at $1.3bn
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Munich Re estimates CA wildfire claims outlay at $1.3bn

Hurricane Milton accounted for 60% of the firm’s Q4 large loss tally.

By Jai Singh Rebecca Perkins
February 26, 2025
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Munich Re has estimated its California wildfire claims expenditure will be EUR1.2bn ($1.3bn), as it indicated a “high degree” of uncertainty around the number due to the complexity of the loss.

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Topics

Catastrophe losses News Munich Re UK and Europe Reinsurers Property treaty Results Hurricane Wildfire
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