LA wildfires erode ‘a good portion’ of Lancashire’s annual aggregate reinsurance deductible

Losses from the extremely damaging and costly Los Angeles, California wildfires have eroded “a good portion” of the annual deductible of Bermuda-based Lancashire’s aggregate reinsurance cover, the company has revealed. Last month, Lancashire announced estimated, aggregate net ultimate losses from the January 2025 wildfires in California of between $145 million and $165 million. The firm…

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