allstate

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.

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.

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’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.