Loss estimates for the fires in California are rising and cat bond prices have moved in the secondary market
LA fires: Cat bond prices move on wildfires | | | ILS NYC 2025 - If you want to attend, please secure your place! Catastrophe bond price movements due to LA wildfire exposure  A number of catastrophe bonds have experienced negative secondary market price movements due to potential exposure to aggregate attachment erosion, or actual losses, from the Los Angeles and Southern California wildfires. In this article we detail a number of the biggest movers, based on information seen and conversations with sources in the cat bond market. Also this morning, we detailed rising estimates for insurance and reinsurance market losses from the wildfires. Gallagher Re said that total aggregated insured losses, largely from the Palisades and Eaton fires, are "expected to notably exceed USD10 billion." While, Evercore ISI analysts raised their estimate of insured losses from the wildfires, saying the total could reach $20 billion to $25 billion, higher if the situation does not improve, while also suggesting the fires may be treated as one event for reinsurance purposes. Read all our coverage of the fires. | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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