Morgan Stanley: Reinsurers to take $2bn-$5bn wildfire hit

Reinsurers could take on between $2bn and $5bn of losses from
the Alberta wildfires, according to estimates from Morgan
Stanley.
Equities analyst Kai Pan said in a 31 May note that around 40
percent of reinsured losses could be shared by global reinsurers
operating in Canada, with another 40 percent falling to the
Lloyd's market and the remaining 20 percent covered by
Bermudian carriers.
Overall, Pan estimated total insured losses from the Alberta
wildfires at between $3bn and $7bn.
"Alberta...