Concerns that the Baltimore bridge collapse could result in the marine reinsurance market's largest ever loss were largely put aside during the January renewals due to prevailing supply-demand dynamics.

The North American insurance composite compiled by investment banks Stonybrook Capital and Weild & Co lost 3.0 percent for the week, with all industry groups except brokers ending in negative territory.

Insiders will dominate the list with Clive Buesnel, Sheila Cameron, Sean McGovern and Patrick Tiernan all featuring…

Insurance shares tumbled on Friday as analysts projected $10bn-$20bn in insured losses from the ongoing Los Angeles wildfires, though the latest commentary suggests some of the declines may have been overdone.

Analysts at rating agencies and investment banks as well as other industry sources suggest the Los Angeles wildfires will rank among the most destructive in California’s history – and will possibly be the largest ever insured loss from the peril, with JP Morgan doubling its estimate to $20bn.

This week’s wildfire outbreak in Los Angeles highlights why industry concern around the damage potential of wildfires has been escalating in recent years amid an increased frequency and scale of loss events.

Shares in major Bermudian and European reinsurers have risen since the 30 December close, reflecting positive near-term sentiment for the sector despite rate reductions and broker warnings that reinsurer appetite is growing faster than demand.

The Insurer examines five key talking points from the 1.1 renewals, as highlighted by the preliminary reports from Aon, Gallagher Re, Guy Carpenter and Howden.

At the midpoint in 2024, fears over the potential impact of the Atlantic hurricane season were heightened by a series of forecasts that pointed to significantly above-average activity.

Insured losses from natural catastrophes exceeded $100bn for the fifth consecutive year in 2024.