ii-image-template-2023-08-02t114725-558

14 August 2023Insurance

Allstate losses stack up too high: S&P cuts ratings

Global ratings agency S&P cut ratings of US P&C insurer Allstate Corporation citing “continued weak underwriting performance” and heavy capital consumption as exposures rise.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Allstate suffers major boost in nat cat after $320m Maui wildfire

21 September 2023 July-August nat cat trends well down from pricey Q2, but still already eclipse Q3 2022.

Allstate seeks long-odds all-loss aggregate reinsurance to protect capital

15 September 2023 H1 cats had stacked up for 64.7 pts on the H1 combined ratio on way to $1.7bn loss.

Allstate brings carrot & stick to California: could walk out altogether

14 July 2023 ‘Without pricing enhancements, Allstate will remain closed to new business’: CRO Schoolman.

More articles

Delegated authorities ride E&S growth, despite ‘double-edged’ risks

Rokstone launches $10m facility to cover global perils with NormanMax

CFC continues transaction liability expansion with new European office

WTW teams up with Kayna and Vibrant to enhance cybersecurity insurance

Britannia P&I to seek minimum 7.5% rate gain from members in 2025/6

Root Platform launches programme to upskill insurance industry coders

Property looks perma-hard, but never care-free, says Zurich’s Greco

Allstate faces $4.8bn YTD cat losses

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze