Hints and tips:
...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...With that in mind, let’s look at S&P’s downgrade of Allstate, with our emphasis below: The downgrade reflects Allstate’s continued weak underwriting performance given elevated catastrophe losses, persistently...
...Yet the insurers are still losing money on their auto businesses, going by Progressive and Allstate’s latest quarterly reports....
...Unlike rivals such as Apollo Global and KKR, both of which own large insurers, Blackstone manages assets it acquires on behalf of insurers such as Allstate and AIG....
...Take Allstate and Progressive: It isn’t total market mayhem, but it isn’t exactly copacetic, either....
...Media will be a strong theme here with results from Fox, News Corp, Disney, Thomson Reuters and The New York Times Company....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...(BBG) Diversity push Companies usually choose big-name banks like JPMorgan, Bank of America and Citigroup for bigger roles on bond deals — but the insurance company Allstate has hired solely banks owned...
...Geico’s move comes a day after Allstate, another large US motor insurer, said it would pay customers back 15 per cent of their premium in April and May, equivalent to $600m....
...The settlement was less than the $20bn a group of insurance claimants - including the likes of AIG, Allianz, Allstate, Farmers Insurance Exchange and hedge fund Baupost Group - had sought, prompting some...
Category 4 storm menaces US east coast
...But shares in Allstate fell 2.3 per cent on Monday, while Travelers, Chubb and AIG were all off more than 3 per cent....
...The updates from Travelers and Allstate could signal weakness across the sector as earnings season gets under way....
...It is a far cry from the heyday of Sears, whose interests once spanned the Allstate insurance company and naming rights to an eponymous 1,450-ft tower in Chicago....
...Mr Cowdery’s Delaware-incorporated vehicle first acquired Lincoln Benefit Life from AllState for $600m in 2013, when it was placed into run-off — accepting premiums on existing policies only....
...The tax bill is a victory for domestic US insurers including Allstate, Berkshire Hathaway and Travelers, which argued that their international rivals — especially in Bermuda — had an unfair tax advantage...
...Other insurers in the red include Hartford Financial Services Group, down 2.16 per cent; Allstate Corp, with a 1.76 per cent decline; and Progressive Corp, which fell 2.5 per cent....
...“You can see Geico and Progressive have been picking up share at the expense of Allstate,” he added. “They have been aggressive and there is a penalty for that.”...
...But the transition was halfhearted and before long, Sears was spinning off financial holdings — including the Dean Witter brokerage, the Discover credit card, Coldwell Banker realtors and finally Allstate...
...Before the turn of the century it spun off Allstate Insurance, the property broker Coldwell Banker, a big property development group, a mortgage bank, a car rental franchise and a credit card business....
...Allstate, Travelers and Progressive were all down less than 1 per cent....
...Allstate said last week that it would offer at least $600m worth of catastrophe bonds – more than twice the $250m the company sold last year....
...Joining as client investment officers are Patrick Groenendijk from Pensioenfonds Vervoer in the Netherlands, James Hayes from Allstate Investments and Tracey Nykiel from RV Kuhns, the consultancy....
...Allstate was at pains to highlight Resolution’s “long-term view of the market” and its commitment to running Lincoln as a traditional life business rather than financial engineering....
...In a clue to Mr Cowdery’s transatlantic ambitions, Allstate said Resolution expected the deal would be the first of several....
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