While industry losses from hurricane Milton may not be as high as had initially been feared, the storm’s impacts in Florida are still expected to be a loss in the tens of billions of dollars, and alongside loss experience in the sector to-date this can still drive property catastrophe reinsurance rates higher at the January … Read more
NORTHBROOK, Ill., July 18, 2024 –The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of June of $230 million or $182 million, after-tax. June month catastrophe losses include 18 events estimated at $274 million, primarily related to geographically widespread wind and hail events. Total catastrophe losses for the second quarter were $2.12 billion, pre-tax or $1.67 billion, after-tax, and total catastrophe losses … Read more
NORTHBROOK, Ill., August 15, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of July of $542 million or $428 million, after-tax. Catastrophe losses for July include 20 events estimated at $587 million with an initial loss estimate of $226 million from Hurricane Beryl. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com. Forward-Looking Statements This … Read more
Prologis, Inc., the logistics, warehousing and supply-chain focused real estate owner and investor, is back in the catastrophe bond market for the second time, looking to sponsor a $95 million Logistics Re Ltd. (Series 2024-1) US earthquake focused issuance, as a renewal of its first cat bond.Prologis ventured into the catastrophe bond market for the … Read more
Disaster bond maturities are a major supply of liquidity and money for the market, which is usually reinvested into new cat bond points and as such the schedule of upcoming cat bond maturities is a key indicator for sponsors and broker-dealers, in addition to cat bond funding fund managers.To assist our readers perceive what’s coming, … Read more
