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Total economic and insured losses are “virtually certain” to reach into the billions. -
AM Best said it expects insured losses from the California wildfires to be “significant”.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
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It is understood that the bid is part of Sisa’s expansion plans across Central America.
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Moody’s also expects losses in the billions of dollars.
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Christopher Flatt succeeds Christopher Schaper, who was appointed CRO of AIG in November.
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'Mo’ Tooker will add personal lines to his current position overseeing SME and distribution.
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Six wildfires are now burning in SoCal, with the Palisades fire being the largest.
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Six fires now cover more than 27,000 acres across Southern California.
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Hurricane Milton resulted in the largest insured loss of the year at $25bn.
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Andrade is taking up a CEO role at another “prominent financial services firm”, Everest said.
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The fast-moving blazes have prompted evacuations across the city.
