Losses

Triple-I Blog | P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects – Go Health Pro

by

By William Nibbelin, Senior Research Actuary, Triple-I The U.S. P&C insurance industry’s financial outcomes for 2024 revealed a net combined ratio (NCR) of 96.6, demonstrating a substantial 5.1-point enhancement compared to the prior year and representing the sector’s most favorable underwriting performance since 2013, as detailed in a recent report by Triple-I and Milliman. However, … Read more

Insured nat cat losses on trend to hit $145bn in 2025, says Swiss Re – Go Health Pro

by
Insured nat cat losses on trend to hit 5bn in 2025, says Swiss Re – Go Health Pro

Global insured losses from natural catastrophes are on trend to hit USD 145 billion in 2025, continuing a steady 5%–7% annual growth trend seen in recent years, according to reinsurance giant Swiss Re.In their latest sigma report, Swiss Re noted that insured losses totaled USD 137 billion in 2024, with the increase largely driven by … Read more

Allstate provides customers over $37 billion to recover from losses – Go Health Pro

by
Allstate provides customers over billion to recover from losses – Go Health Pro

NORTHBROOK, Ill., May 13, 2025 – Allstate Chief Claims Officer Mike Fiato testified before the U.S. Senate today on how Allstate helps customers recover from unexpected losses. He highlighted the company’s proactive claims response and commitment to helping customers rebuild from increasingly destructive severe weather events. “Allstate’s team of 23,000 claims professionals serve 8.4 million … Read more

Q1’25 insured losses hit $56bn, driven by LA wildfires: Gallagher Re – Go Health Pro

by
Q1’25 insured losses hit bn, driven by LA wildfires: Gallagher Re – Go Health Pro

Reinsurance broker Gallagher Re has estimated that preliminary total insured catastrophe losses for the first quarter of 2025 reached $56 billion, which makes it the costliest first quarter for the private insurance market and government-sponsored insurance entities since 2011, and 176% higher than the Q1 decadal average of $20 billion (2015–2024).In its Q1 2025 Natural … Read more

Allstate’s $150m Sanders Re II 2021-2 Class B extended on aggregate losses – Go Health Pro

by
Allstate’s 0m Sanders Re II 2021-2 Class B extended on aggregate losses – Go Health Pro

Despite its price having recovered back almost to par across catastrophe bond pricing sheets in recent weeks, US insurer Allstate’s $150 million Class B tranche of notes from the Sanders Re II Ltd. (Series 2021-2) issuance that provide both occurrence and aggregate reinsurance has seen its maturity date extended by three years.The scheduled maturity date … Read more