allstate

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 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.

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.

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.

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’s latest catastrophe bond transaction Sanders Re Ltd. (Series 2014-1), which is its fourth that we’ve recorded in the Artemis Deal Directory, has become the U.S. primary insurer’s largest cat bond to date as it upsized by 25% to launch at $750m.

U.S. primary insurer Allstate’s latest catastrophe bond transaction, Sanders Re Ltd. (Series 2014-1), could upsize by 25% to $750m in size while pricing looks destined to close at the mid to upper end of guidance.

U.S. primary insurer Allstate is returning to the catastrophe bond market with a second Sanders Re issuance. Sanders Re Ltd. (Series 2014-1) is a $600m or larger U.S. named storm and earthquake cat bond structured across three, perhaps four tranches.

U.S. primary insurer Allstate’s latest catastrophe bond deal, Sanders Re Ltd. (Series 2013-1), has now completed and the first risk period has begun. With Sanders Re 2013 Allstate has secured itself a new $350m layer of capital market backed fully-collateralized reinsurance protection for covered U.S. hurricanes and earthquakes, including fire following, on an industry loss […]

The latest catastrophe bond from U.S. primary insurer Allstate has something very unique about it. The Sanders Re Ltd. (Series 2013-1) issuance, through which Allstate hopes to secure at least $350m of reinsurance cover for U.S. hurricane and earthquake risks, features a trigger design that we’ve never seen before and we understand that this is […]