Increased capacity expected to further soften reinsurance pricing

But wildfires set to slow down property rate decreases

Claire WilkinsonFebruary 10, 2025
Wildfire in Pacific Palisades, Los Angeles, January 8, 2025, towards Getty Center and Brentwood. Images showcase dense smoke clouds, burning hillsides, and urban areas at risk. 2pm - 3pm
Wildfire in Pacific Palisades, Los Angeles, 8 January 2025. Credit: eley archive/Shutterstock

Increased capacity should drive reinsurance pricing down this year, but the California wildfires will likely slow the rate of property catastrophe rate decreases, experts say.
Rick Hartmann, senior vice-president, treaty brok...

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Claire WilkinsonFebruary 10, 2025
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