US primary insurance carrier Allstate has successfully expanded its new catastrophe bond issuance to the upsized target of $250 million, while at the same time the coupon for the Sanders Re II Ltd. (Series 2021-1) notes was fixed at the low-end of reduced guidance.
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US primary insurance giant Allstate seeking to expand its new catastrophe bond issuance, with the target for the Sanders Re II Ltd. (Series 2021-1) transaction now lifted to $250 million, we understand.
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US primary insurance giant Allstate is turning to the catastrophe bond market in search of occurrence reinsurance limit to fill out gaps in its program it seems, bringing a $200 million or greater Sanders Re II Ltd. (Series 2021-1) transaction to market.
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