Sanders Re II Ltd Series 2020-1

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May hail drives Allstate’s pre-tax Q2 catastrophe losses to $757m

US primary insurance carrier Allstate has reported $213 million of estimated pre-tax catastrophe losses for the month of May 2021, which takes the insurers second-quarter total to $757 million before tax. Severe weather and hail storms are the key drivers of May's catastrophe toll, with two large hail events responsible for read the full article →

Allstate reports $544m of catastrophe losses and loss creep in April

US primary insurance carrier Allstate has reported $544 million of net catastrophe losses, largely caused by April's severe US convective weather and hail storms, as well as some loss creep on previous events. The insurer said that the $544 million of catastrophe losses reduces to $430 million after-tax. Five catastrophe events hit read the full article →

Allstate recovers $195m from Sanders Re cat bond, to fill eroded layer

US primary insurance giant Allstate has reported that its losses from the first-quarter winter storms and freezing weather have now enabled it to recover $195 million from the reinsurance provided by its Sanders Re II 2019-1 cat bond. As we've explained before, Allstate's aggregate losses soared on the impacts of winter read the full article →

Allstate’s March cat losses increase recoveries under Sanders cat bonds

US primary insurer Allstate revealed today that its catastrophe losses, before reinsurance, subrogation recoveries and taxes totalled $1.67 billion for the first-quarter of 2021, a significant proportion of which will be offset by recoveries under reinsurance and also its Sanders catastrophe bonds, it seems. As we explained last month, following February's read the full article →

Allstate’s Sanders Re II cat bond prices to provide $250m of reinsurance

U.S. primary insurance giant Allstate has now priced, according to sources, and will provide the company with a $250 million source of both per-occurrence and annual aggregate multi-peril reinsurance protection across a four-year term. The Sanders Re II Ltd. (Series 2020-1) transaction hit its $250 million target for Allstate, delivering the read the full article →

Allstate’s new Sanders Re II cat bond sees higher pricing for riskier tranche

Price guidance for U.S. primary insurance giant Allstate's latest catastrophe bond issuance, the $250 million target Sanders Re II Ltd. (Series 2020-1) transaction, has moved higher for the riskier layer of notes, we understand. The eleventh catastrophe bond sponsored by Allstate that we have listed in our extensive catastrophe bond Deal read the full article →

Allstate seeking $250m+ Sanders Re II 2020 cat bond backed reinsurance

Returning to the catastrophe bond market again for 2020, U.S. primary insurance giant Allstate is seeking a new $250 million or greater source of U.S. multi-peril property catastrophe reinsurance through sponsorship of a just launched Sanders Re II Ltd. (Series 2020-1) cat bond transaction. This second catastrophe bond transaction under Allstate's read the full article →