Citi's Shuck: LA wildfires manageable for reinsurers but increase need for federal solution

By Aidan Gregory

Published: Mon 13 Jan 2025

Citi's head of European insurance research James Shuck has warned that the ongoing Los Angeles wildfires will likely be a capital event for some primary US players but expects European reinsurers to be able to absorb losses within Q1 natural catastrophe budgets.