Lloyd’s of London, the world’s oldest insurance market, expects losses of approximately $2.3 billion from the Californian wildfires that occurred in January 2025. These losses represent a significant portion of
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Lloyd’s of London has announced that Californian wildfires last year generated a market-wide loss of approximately $2.3 billion (£1.9 billion), according to its preliminary 2024 results. While this has impacted
British insurer Lancashire Holdings has disclosed potential losses ranging between $145 million and $165 million from the devastating Los Angeles wildfires that ravaged the region last month. The Lloyd’s of
The collapse of the Baltimore bridge is set to deal a significant blow to Hiscox, one of the biggest insurers in the Lloyd’s of London market. The company is expecting
