Reinsurance News
Allstate
Allstate estimates $177m pre-tax cat loss for September
18th October 2018
Allstate Corporation, one of the largest primary insurers in the U.S, has announced estimated pre-tax - and likely post-reinsurance, although this is unable to be confirmed - catastrophe losses for September 2018 of $177 million ($140 million after-tax). This follows the $186 million pre-tax loss estimate Allstate posted for the ... Read the full article
Allstate reports cat losses of $186mn for August 2018
21st September 2018
The Allstate Corporation, one of the largest primary insurers in the U.S, has reported estimated catastrophe losses of $186 million pre-tax ($147 million after-tax) for the month of August 2018. Catastrophe losses consisted of 16 events that cost an estimated $137 million pre-tax, as well as unfavourable reserve re-estimates for prior ... Read the full article
Allstate to acquire identity protection firm InfoArmor for $525mn
28th August 2018
The Allstate Corporation, one of the largest primary insurers in the U.S, has entered into an agreement to acquire InfoArmor, an Arizona-based provider of employee identity protection, for an all-cash consideration of $525 million. Headquartered in Scottsdale, Arizona, InfoArmor is a privately held company that provides identity protection to more than 1 ... Read the full article
Allstate’s YTD catastrophe loss bill falls by 22%
16th August 2018
The Allstate Corporation (Allstate) has announced estimated catastrophe losses for the month of July of $262 million, pre-tax ($207 million after-tax), driven primarily by two severe hail events and the Carr wildfire in Northern California. 15 events in July, 2018 saw catastrophe losses alone contributed $220 million, pre-tax, of the overall ... Read the full article
Allstate announces Q2 cat losses of $906 million, pre-tax
20th July 2018
Primary insurance giant The Allstate Corporation (Allstate) has announced estimated catastrophe losses of $417 million, pre-tax ($329 million after-tax), for the month of June, which takes the company's second-quarter 2018 catastrophe losses to $906 million, pre-tax ($716 million after-tax). Catastrophe losses in June included 16 events at an estimated cost of ... Read the full article
Allstate estimates catastrophe losses of $278mn for May
22nd June 2018
The Allstate Corporation, one of the largest primary insurers in the U.S, has estimated that its catastrophe losses for the month of May 2018 were $278 million, pre tax ($220 million after-tax). The pre-tax figure consists of $224 million in losses from 12 catastrophe events over the month of May, in ... Read the full article
Allstate estimates $211mn of catastrophe losses for April
18th May 2018
Following 10 events throughout April totalling a pre-tax estimated cost of $195 million and unfavorable reserve reestimates of prior reported cat losses, The Allstate Corporation (ALL) has announced an overall estimated catastrophe loss of $211 million for the month, pre-tax ($167mn after-tax). Accounting for approximately 60% of catastrophe losses for April ... Read the full article
Allstate estimates $361mn of pre-tax catastrophe losses in Q1
20th April 2018
Primary insurance giant Allstate has announced estimated pre-tax catastrophe losses for the first-quarter of 2018 of $361 million ($285mn after-tax), with the majority of this occurring in the month of March. The insurer expects catastrophe losses in March alone to reach $222 million pre-tax ($175 million after-tax), which amounts to approximately ... Read the full article
Allstate promotes three as President prepares to retire
4th January 2018
In preparation for the retirement of The Allstate Corporation President, Matt Winter, the company has announced a number of senior leadership changes. The changes include the promotion of Steve Shebik to Vice Chairman of Allstate, a role that sees him oversee Allstate Life and Retirement, Allstate Benefits, Encompass, Esurance, Property-Liability Alternative Segments, ... Read the full article
Allstate sees pre-tax California wildfire losses of $452 million
16th November 2017
Primary insurance giant, Allstate, has revealed that the five October wildfires that occurred in California accounted for approximately 90% of the firm's monthly catastrophe losses, totalling roughly $452 million. Allstate has announced pre-tax catastrophe losses for the month of October of $516 million, which includes losses from 11 events totalling $502 ... Read the full article
Allstate’s Harvey estimate suggests $4.5bn auto & homeowners loss: Credit Suisse
25th September 2017
Following insurer Allstate's announced estimated net $553 million hit from the impacts of hurricane Harvey, Credit Suisse analysts have suggested that the personal lines industry loss could reach $4.5 billion. The combined auto and homeowners' insurance industry loss from hurricane Harvey, based on Allstate's estimates, "implies" a personal lines loss ... Read the full article
Allstate reveals $576m Hurricane Harvey loss
21st September 2017
Allstate has reported estimated gross catastrophe losses, excluding homeowners flood, for hurricane Harvey of pretax $576 million, $23 million of which is expected to be recovered from reinsurance agreements. About 55% of the firm's Harvey losses are related to auto cover. $53 million of losses and expenses are expected from commercial insurance, ... Read the full article
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