Some hurricane Milton cat bond losses likely, but uncertainty over aggregate structures: Icosa – Go Health Pro

Some hurricane Milton cat bond losses likely, but uncertainty over aggregate structures: Icosa – Go Health Pro

Catastrophe bond fund manager Icosa Investments has highlighted current uncertainty over the level of losses the market may face from hurricane Milton, but notes that while some principal losses seem likely there remains a high level of uncertainty over certain structures, especially aggregate cat bonds that have much of their risk periods left to run.The … Read more

Allstate Announces June and Second Quarter 2024 Catastrophe Losses – Go Health Pro

Allstate Announces June and Second Quarter 2024 Catastrophe Losses – Go Health Pro

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

Allstate Announces July 2024 Catastrophe Losses – Go Health Pro

Allstate Announces July 2024 Catastrophe Losses – Go Health Pro

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

Allstate Announces August 2024 Catastrophe Losses | Allstate Newsroom – Go Health Pro

Allstate Announces August 2024 Catastrophe Losses | Allstate Newsroom – Go Health Pro

NORTHBROOK, Ill., September 19, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of August of $272 million or $215 million, after-tax, including favorable reserve reestimates for prior period events. Catastrophe losses for August include 15 events estimated at $306 million, with approximately $75 million related to a hail event in Calgary, Canada. The Calgary hail event estimate includes reinsurance reinstatement premiums and is net of … Read more

Direct cat bond losses still seen unlikely from Helene, but NFIP bonds monitored: Twelve Capital – Go Health Pro

Direct cat bond losses still seen unlikely from Helene, but NFIP bonds monitored: Twelve Capital – Go Health Pro

Investment manager Twelve Capital has issued an updated event report related to hurricane Helene’s impacts, saying that it still believes direct losses to per-occurrence catastrophe bonds are unlikely, but also notes that it is closely monitoring the NFIP FloodSmart Re cat bonds that cover named storm induced flooding.Last week, after major hurricane Helene had made … Read more

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