LA wildfires: Analysts put insured losses in $6bn & more…Keep up with what has been happening this week in our latest insurance news round-up…

Swiss Re: Premium growth in US P&C insurance to decelerate in 2025

Swiss Re has foreseen a slowdown in US property and casualty (P&C) insurance premium growth for 2025, balanced by easing claims pressures.

LA wildfires: Analysts put insured losses in $6bn – $13bn range. Economic loss said $52bn+

More wildfires broke out in the Los Angeles area of California over night meaning the property damage has continued and early estimates from some of the insurance industry focused equity analyst teams suggest a potential industry loss in the $6 billion to as high as $13 billion range.

AXA XL names head of energy transition in the Americas

AXA XL has appointed Katherine Gerber as head of energy transition in the Americas.

Canada Life reaches agreement on sale of onshore bond business

Following a strategic review of the proposition and the market, and a thorough selection process, Canada life has agreed to transfer its onshore bond business to Chesnara plc.

McGill and Partners Launches Property Product in Ukraine

McGill and Partners, the independent global specialty insurance and reinsurance broker, has launched a groundbreaking, war risk reinsurance facility for commercial property in Ukraine.