Animaflora PicsStock/shutterstock.com_1409987174

6 February 2025Insurance

Hannover Re sees up to €700m California fire loss; retro in play

Global reinsurance group Hannover RE likely suffered losses of between €500 million and €700 million because of the California wildfires, net of possible retro recoveries, well in excess of its €435 million Q1 nat cat budget.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Ripple effect: wider economic impacts of Middle East conflict to affect global re/insurers

13 March 2026 Midyear renewals will be inflection point, says AM Best.

E&S property rates drop up to 20%, capacity surge fuels fierce competition

13 March 2026 Buyers gain leverage early in 2026 as carriers offer multi-year deals and rate locks: RPS.

European insurance M&A activity at record levels in 2025

13 March 2026 But ‘fewer big deals around’ to command investor attention, says FTI.

More articles

Ripple effect: wider economic impacts of Middle East conflict to affect global re/insurers

E&S property rates drop up to 20%, capacity surge fuels fierce competition

European insurance M&A activity at record levels in 2025

Gallagher Re lands NA fac leader with 20-year market track record

Moody’s concurs: Middle east conflict at last just weeks

Global firms more exposed to Middle East supply disruption than they think

Dual North America boosts surety limits with Axis partnership

Malicious cyber threats heightened by Middle East crisis: Aon

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze