RenRe CEO: Cat rates need to “remain firm or even increase” in wake of CA wildfires

By David Bull

Published: Wed 29 Jan 2025

RenaissanceRe CEO Kevin O’Donnell has said that cat models will need to “steepen the curve in the tail” to reflect the increased frequency of severe wildfire events, as he also suggested property cat rates need to “remain firm or even increase” in the aftermath of the devastating events in the LA area this month.