Sanders Re II Ltd Series 2019-1

One tranche of U.S. primary insurance giant Allstate’s latest Sanders Re II Ltd. (Series 2019-1) catastrophe bond has been pulled and won’t be issued, while the higher risk layer has remained at $300 million in size and its pricing has moved to the top-end of initial guidance.

U.S. primary insurance giant Allstate is back in the ILS market for its first catastrophe bond issuance of 2019, targeting $350 million of both occurrence and aggregate reinsurance protection with a Sanders Re II Ltd. (Series 2019-1) transaction.