Allstate uses cat bond reset flexibility to cover National General acquisition

US primary insurance carrier Allstate has taken advantage of one of the flexible structural features of catastrophe bonds, to add a recently acquired company as a beneficiary of the reinsurance coverage its Sanders Re occurrence and aggregate cat bonds provide. The variable reset is one of the most sponsor-friendly structures in read the full article →

The growing popularity of the catastrophe bond variable reset

One of the interesting developments to note in the catastrophe bond and insurance-linked securities (ILS) market in the last couple of years is the growth of sponsor-friendly structures, such as the variable reset. The variable reset in a catastrophe bond, or ILS, deal, typically provides the cedent or sponsor with an read the full article →