Insured losses this year could tally over $200bn and force structural change, AIG CEO Peter Zaffino said.
On a call with analysts, the executive added that this is given that the year started with a largely unexpected loss from the...
2025 cat losses ‘could recalibrate the entire industry’: Zaffino
Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.