Some Insurers Could Benefit From Firming Prices After L.A. Wildfires -- Market Talk

Dow Jones

Jan 15, 2025

1443 GMT - European insurers Zurich, Scor and Conduit Re have been oversold on the news of the L.A. wildfires and could benefit from firming prices, Berenberg writes. Insurance rates would be expected to rise to help cover for the unexpected rise in claims from a severe event such as the wildfires. Zurich's own loss exposure is relatively modest and its Farmers division will likely benefit from pricing rises, analysts note, calculating a $200 million loss. For Scor, which has retrenched its exposure significantly since the 2018 wildfires, loss exposure should also be relatively modest at an estimated 50 million euros, they note. Conduit Re's share-price reaction seems clearly overdone and since there is little data on its exposures, analysts pencil in a $30 million loss. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

January 15, 2025 09:44 ET (14:44 GMT)

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Wildfires -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1443 GMT - European insurers Zurich, Scor and Conduit Re have been oversold on the news of the L.A. wildfires and could benefit from firming prices, Berenberg writes. Insurance rates would be expected to rise to help cover for the unexpected rise in claims from a severe event such as the wildfires. Zurich's own loss exposure is relatively modest and its Farmers division will likely benefit from pricing rises, analysts note, calculating a $200 million loss. For Scor, which has retrenched its exposure significantly since the 2018 wildfires, loss exposure should also be relatively modest at an estimated 50 million euros, they note. Conduit Re's share-price reaction seems clearly overdone and since there is little data on its exposures, analysts pencil in a $30 million loss. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 09:44 ET (14:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some Insurers Could Benefit From Firming Prices After L.A. 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Wildfires -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-15 22:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1443 GMT - European insurers Zurich, Scor and Conduit Re have been oversold on the news of the L.A. wildfires and could benefit from firming prices, Berenberg writes. Insurance rates would be expected to rise to help cover for the unexpected rise in claims from a severe event such as the wildfires. Zurich's own loss exposure is relatively modest and its Farmers division will likely benefit from pricing rises, analysts note, calculating a $200 million loss. For Scor, which has retrenched its exposure significantly since the 2018 wildfires, loss exposure should also be relatively modest at an estimated 50 million euros, they note. Conduit Re's share-price reaction seems clearly overdone and since there is little data on its exposures, analysts pencil in a $30 million loss. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 09:44 ET (14:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4117","symbol_name":"多元化保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503647147","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503647147","pubTimestamp":1736952240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1443 GMT - European insurers Zurich, Scor and Conduit Re have been oversold on the news of the L.A. wildfires and could benefit from firming prices, Berenberg writes. Insurance rates would be expected to rise to help cover for the unexpected rise in claims from a severe event such as the wildfires. Zurich's own loss exposure is relatively modest and its Farmers division will likely benefit from pricing rises, analysts note, calculating a $200 million loss. For Scor, which has retrenched its exposure significantly since the 2018 wildfires, loss exposure should also be relatively modest at an estimated 50 million euros, they note. Conduit Re's share-price reaction seems clearly overdone and since there is little data on its exposures, analysts pencil in a $30 million loss. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4117":"多元化保险","ZURVY":"Zurich Insurance Group Ltd","BK4019":"再保险","SCRYY":"SCOR"},"translate_title":"洛杉矶野火后，一些保险公司可能会从价格坚挺中受益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCRYY":0.9,"ZURVY":0.9},"content_text":"1443 GMT - European insurers Zurich, Scor and Conduit Re have been oversold on the news of the L.A. wildfires and could benefit from firming prices, Berenberg writes. Insurance rates would be expected to rise to help cover for the unexpected rise in claims from a severe event such as the wildfires. Zurich's own loss exposure is relatively modest and its Farmers division will likely benefit from pricing rises, analysts note, calculating a $200 million loss. For Scor, which has retrenched its exposure significantly since the 2018 wildfires, loss exposure should also be relatively modest at an estimated 50 million euros, they note. Conduit Re's share-price reaction seems clearly overdone and since there is little data on its exposures, analysts pencil in a $30 million loss. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2025 09:44 ET (14:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}