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One tranche of Allstate’s Sanders Re 2014 cat bond upgraded by S&P

Ratings agency Standard & Poor's has upgraded one of the three tranches of notes issued in U.S. primary insurer Allstate's $750 million Sanders Re Ltd. (Series 2014-1) catastrophe bond, as the tranche has now passed its final reset date without the expected loss having been increased.Allstate benefits from three layers read the full article →

Allstate’s Sanders Re 2017 cat bond grows to $375m, price drops

Given catastrophe bond investors strong appetite for new issuance currently it's no surprise to learn that U.S. primary insurance company Allstate's new Sanders Re Ltd. (Series 2017-1) catastrophe bond has upsized to $375 million, while the price guidance has been lowered.Every cat bond issued so far this year has resulted read the full article →

Allstate’s new Sanders Re 2017 has an industry loss element

As readers and the ILS market will now be aware, U.S. primary insurance group Allstate is back with a new $300 million Sanders Re Ltd. (Series 2017-1) catastrophe bond , targeting capital markets-backed U.S. multi-peril collateralised reinsurance capacity.When we announced the deal just over a week ago the information we read the full article →

Allstate returns with $300m Sanders Re 2017-1 multi-peril cat bond

U.S. primary insurance company Allstate is back with a new Sanders Re Ltd. (Series 2017-1) catastrophe bond issue, a $300 million U.S. multi-peril transaction, the insurers first cat bond since its attempted 7-year deal failed to be issued in 2015.Allstate has sponsored four Sanders Re cat bonds previously, although only read the full article →

Allstate secures 7-year Sanders in the traditional reinsurance market

U.S. primary insurance group Allstate successfully turned to the traditional reinsurance market to purchase 7-year coverage that it failed to secure from the capital markets with its recently dropped Sanders Re 2015-1 catastrophe bond.Allstate tested the boundaries of the cat bond market with its most recent attempted issuance. The proposed read the full article →

Sanders Re 2015-1 cat bond order book building ‘outside of guidance’

Allstate's latest catastrophe bond issuance is not going as smoothly as its previous attempts to tap the capital markets, as investors showed an unwillingness to meet the insurers pricing ambitions leading to the book building "outside of guidance."U.S. primary insurer Allstate launched its fourth Sanders catastrophe bond just over two read the full article →

Allstate launches Sanders Re 2015-1 cat bond to secure 7-year cover

U.S. primary insurance company Allstate launched its fourth Sanders catastrophe bond on Friday, seeking one of the longest coverages that the cat bond market has provided. The $130m Sanders Re Ltd. (Series 2015-1) is looking for a 7 year cover for multiple U.S. perils for the insurer.Allstate returned to the cat read the full article →

Sanders Re 2014-2 cat bond from Allstate hits $200m in size

U.S. insurer Allstate’s latest catastrophe bond issue Sanders Re Ltd. (Series 2014-2) has upsized to the top-end of the expected size range, pricing to offer $200m of notes today, sources told Artemis.Earlier this week we wrote that the Sanders Re 2014-2 cat bond was expected to grow from the $150m read the full article →

Allstate’s Sanders Re 2014-2 cat bond to upsize, pricing towards top end

U.S. insurer Allstate's second visit to the catastrophe bond market in recent weeks to issue a new tranche of notes under its Sanders Re vehicle, Sanders Re Ltd. (Series 2014-2), is set to upsize while pricing on the notes has moved towards the top end of guidance.Allstate has recently completed read the full article →

Sanders Re 2014-2, $150m indemnity catastrophe bond from Allstate

U.S. primary insurer Allstate is returning, as was expected, to the catastrophe bond market for the issuance of another tranche of notes under its Sanders Re vehicle. Sanders Re Ltd. (Series 2014-2) seeks $150m of indemnity protection for two Allstate subsidiaries.Allstate has just completed its first 2014 catastrophe bond, the $750m read the full article →