Allstate takes $1.3bn cat loss from Texas winter freeze
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Allstate takes $1.3bn cat loss from Texas winter freeze

Fiona Robertson
March 18, 2021
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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.

The

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Fiona Robertson
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