Russ McGuire and Daniel Bilot have departed BMS Re in the US as part of what has been described as a small number of redundancies as the reinsurance intermediary repositions its business strategy for growth under new leadership, The Insurer can reveal.
Moody’s RMS Event Response has estimated insured losses for the Los Angeles wildfires to date will likely range between $20bn and $30bn, which is below some of the preliminary ranges published elsewhere in recent days.
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“We have enjoyed an extensive collaborative approach with the regulator during the last year and there is an opportunity to achieve positive outcomes”
Graeme Trudgill, CEO of the British Insurance Brokers' Association
California Wildfires
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- Undercurrents is The Insurer's new, monthly deep-dive analysis of what is taking place below the surface on major issues affecting the (re)insurance markets