aggregate

US insurer Progressive has renewed its per-occurrence property catastrophe excess-of-loss reinsurance program to provide it with $2.19 billion of limits for first events affecting Florida and $1.85 billion of coverage for first events impacting other states, at the June 1 renewals.

Conduit Re appears to have made further enhancements to its retrocession program around the mid-year as its North Atlantic hurricane probable maximum loss fell further and the company disclosed increased core retro limit, aggregate cover and protection against second and third events.

A new report from Autonomous suggests that reinsurers are broadly keen to defend against any further loosening of terms and conditions (T&Cs), amid industry debate over the robustness of the response, leading the firm to note that T&C’s are now the new battleground.

US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of June 2026 of $563 million. But the second-quarter 2026 total has now risen to $1.72 billion, which is a fairly heavy start for the annual aggregate year for the company’s catastrophe bonds.

The Demex Group, a risk analytics and intelligence company that facilitates climate and catastrophe peril parametric reinsurance protection, has announced the launch of a new modelled-loss trigger winter storm reinsurance product for primary carriers.

US primary insurer Allstate has reported a relatively low month of catastrophe losses for May 2026, announcing $289 million pre-tax. This represents a 63% decrease from the prior year, and when combined with April’s losses, this brings Allstate’s total pre-tax catastrophe losses for April and May 2026 to $1.16 billion.

US primary insurer Allstate has begun the new annual aggregate risk period, that its catastrophe bonds and excess of loss reinsurance are subject to, with a reported $870 million of pre-tax catastrophe losses in April 2026.

US primary insurer Allstate added more protection to its per-occurrence Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower a new high of $11.5 billion at its recent renewal, while also securing a new $1 billion aggregate excess reinsurance arrangement as well.

Australian insurance giant Suncorp has entered into a five-year aggregate reinsurance arrangement commencing on June 30th, 2026, which will provide the firm with AUD $800 million of protection annually, and up to $2.4 billion in total protection across the 5-year period.

US insurer Progressive expanded its aggregate excess-of-loss reinsurance protection at the start of 2026 and has also renewed a hurricane season focused shared reinsurance limit arrangement to cover losses from any storms this year.