Wildfire

The Californian wildfires are now covering an area the size of New York, according to media reports

Losses from the wildfires that are currently raging across southern California are expected to be substantial, Aon Benfield has said in its latest Impact Forecasting report.

Twelve in Frankfurt; Credit Suisse vehicles; ILS returns...

This year began with a flurry of cat bond transactions while existing sponsors took advantage of the soft market and expanded their coverage, as 2017 set a new record for cat bond issuance.

Capital Insurance Group has agreed to pay 20 percent more premium to renew four layers of its property cat programme which were almost wiped out by the Q4 California wildfires, sister publication The Insurance Insider revealed.

The $75mn class D layer of Nationwide Mutual's Caelus Re V cat bond has triggered and is expected to be a significant loss after the insurer recorded major wildfire claims, according to sources

Four new wildfires have torn through southern California, after the region suffered its most devastating fires to date in October.

Average ILS returns came to 0.35 percent in October as some funds took wildfire claims, according to the Eurekahedge ILS Advisers Index.

Swiss Re is the leading reinsurer for the main Californian primary P&C writers, some of which may draw on their reinsurance policies following wildfires in the state last month, analysis from sister publication The Insurance Insider shows

USAA has extended the risk period for its Residential Re 2013-2 class 1 notes that were due to mature on 6 December, as it held back half of the bond's $80mn principal pending a potential wildfire claim

A small number of personal lines insurers are among those most exposed to the Californian wildfires that occurred last month.

Blue Capital recorded an 0.39 percent drop in net asset value (NAV) for its London-listed Alternative Income Fund in October, as it recorded losses from the recent California wildfires.