Allstate takes $1.3bn cat loss from Texas winter freeze
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider US is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Allstate takes $1.3bn cat loss from Texas winter freeze

Aerial view of downtown Chicago

Allstate said it will take $1.3bn of gross losses from the winter freeze that struck Texas and other states in February, of which $567mn will be retained on a net pre-tax basis.

It will make recoveries from its occurrence reinsurance tower, which triggers at $500mn, and has also triggered its Sanders Re aggregate cat bonds.


Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article