Allstate: Allstate anticipates $123m of reinsurance recoveries from aggregate tower

US primary insurer The Allstate Corporation expects aggregate reinsurance recoveries of approximately $123 million, as catastrophe losses in March saw the firm surpasses the retention level of its annual aggregate reinsurance cover for the annual risk period ending March 31st, 2025. The recoveries are expected to lower Allstate's reported March catastrophe losses, estimated at $1.04 [...] The post Allstate anticipates $123m of reinsurance recoveries from aggregate tower appeared first on ReinsuranceNe.ws.