Aspen is expecting to report $360mn in pre-tax catastrophe losses for Q3 following the recent events, which will push the firm to a $340mn underwriting loss for the quarter.
John Butler, formerly head of investment management at Twelve Capital, is joining the financial services firm Cohen & Company Financial as of 1 November.
S&P predicts flat to 5 percent rises for global reinsurance rates in the January renewals, after third quarter catastrophes resulted in insured losses of more than $100bn.
RMS has estimated that insured losses from Hurricane Nate which hit Louisiana and Mississippi a week ago at Category 1 strength are unlikely to exceed $500mn.
The wildfires in California's wine country levelled more homes and businesses over the weekend bringing the death toll to 40, as firefighters said they did not expect full containment of the fire until Friday.
