A reader asks: What’s the story with gold these days? My understanding is that in times of peril gold is where people go. In the most perilous times in the last ~5 years I feel like the price of gold really didn’t do anything. It wasn’t the hedge that most people associate with it. … Read more
NORTHBROOK, Ill., October 17, 2024 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of September of $889 million or $702 million, after-tax, including $630 million, pre-tax, related to Hurricane Helene. Total catastrophe losses for the third quarter were $1.70 billion or $1.35 billion, after-tax, and total catastrophe losses for September year-to-date were $4.55 billion or $3.60 billion, after-tax. During … Read more
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
Talking throughout a briefing prematurely of the 2024 Monte Carlo Rendez-Vous occasion immediately, executives from Aon’s Reinsurance Options highlighted their expectation that the upper layers of property disaster packages will probably be aggressive on the renewals, with softening of charges anticipated.Aon’s senior reinsurance executives reiterated the messaging we reported earlier, that they’re searching for reinsurers … Read more
