Allstate’s Florida cat program cut by 20% to $1.3bn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Allstate’s Florida cat program cut by 20% to $1.3bn

Jai Singh
03 August 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Allstate headquarters northbrook.jpg

Allstate has reduced its Florida excess catastrophe reinsurance program to top out at $1.285bn, down from $1.831bn of coverage attained in last year’s tower.

Sanders Re catastrophe bond coverage comprises the top two layers, with $300mn of Class A notes excess $360mn, placed in May, and $150mn of Class A notes excess $40mn, placed in May 2022.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsFloridaAllstate
jai singh/jai singh ii ils.png
Jai Singh
Reporter
Contact
Gift this article