German reinsurers post profit falls after $1.9 billion Los Angeles fire claims

by | May 13, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Reinsurance, Risk Management

“The devastating wildfires in California are another example of how climate change is exacerbating the risks of extreme weather events,” said Hannover Re Chief Executive Clemens Jungsthoefel Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp...