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Prudential Financial cutting annuities to battle low interest rates
08 February 2021Insurer reports full year loss of $374m as company looks to less rate sensitive products
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Allstate issues first bond managed solely by minority and female-owned companies
23 November 2020Issue comes after push to improve diversity in insurance market this year
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Allstate profits rise 27% despite higher catastrophe losses
05 November 2020Cat losses near double to $990m as company hit by storms and wildfires
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ERM plays catchup on digital transformation
29 October 2020Digital transformation has long been heralded as a game changer for the insurance business. However, its impact has mostly been confined to insurers' front-end processes - with risk and capital functions proving more challenging to digitalise. Ronan McCaughey explains
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Allstate expects minimum $660m Q3 hit from job cuts and interest rates
01 October 2020US insurer's restructuring plan will cut around 8% of its workforce
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Hawaiian insurers look on as hurricane Douglas approaches
27 July 2020State Farm Group, Heritage Insurance Holdings Group and Tokio Marine are the main writers for homeowners' multi-peril lines
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Travelers warns of $114m Q2 Covid-19 losses
15 July 2020Insurer also expects $400m subrogation wildfire-linked recoveries in Q3
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Allstate reports $1bn in cat losses for May and April
19 June 2020Figure nearly half of full year 2019 losses, caused by weather in Texas and Midwest
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Allstate hit with $632m cat losses
22 May 2020The losses were for six events, plus unfavourable reserve re-estimates
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Allstate profits down 57% on investments in Q1
06 May 2020But P&L underwriting income jumps 92% on fewer drivers in pandemic