Prudential Financial cutting annuities to battle low interest rates

Insurer reports full year loss of $374m as company looks to less rate sensitive products


Allstate issues first bond managed solely by minority and female-owned companies

Issue comes after push to improve diversity in insurance market this year


Allstate profits rise 27% despite higher catastrophe losses

Cat losses near double to $990m as company hit by storms and wildfires


ERM plays catchup on digital transformation

Digital 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


Allstate expects minimum $660m Q3 hit from job cuts and interest rates

US insurer's restructuring plan will cut around 8% of its workforce


Hawaiian insurers look on as hurricane Douglas approaches

State Farm Group, Heritage Insurance Holdings Group and Tokio Marine are the main writers for homeowners' multi-peril lines


Travelers warns of $114m Q2 Covid-19 losses

Insurer also expects $400m subrogation wildfire-linked recoveries in Q3


Allstate reports $1bn in cat losses for May and April

Figure nearly half of full year 2019 losses, caused by weather in Texas and Midwest


Allstate hit with $632m cat losses

The losses were for six events, plus unfavourable reserve re-estimates


Allstate profits down 57% on investments in Q1

But P&L underwriting income jumps 92% on fewer drivers in pandemic