Sanders Re II Ltd

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Allstate’s aggregate catastrophe losses rise on hurricanes Zeta & Delta

U.S. primary insurance giant Allstate continues to aggregate catastrophe losses at a faster rate in 2020, with its total reported pre-tax losses now having risen to almost $2.74 billion on the back of October's losses which were largely from hurricane activity during the month. Allstate reports that some 85% of its read the full article →

Allstate reports wildfire losses. Has Laura creep triggered recoveries?

U.S. primary insurance giant Allstate has reported $339 million of pre-tax catastrophe losses for the month of September 2020, with the majority coming from wildfire activity in western states, while the carrier also reported it had strengthened its reserves for August's hurricane Laura. For Allstate, September's catastrophe losses came from some read the full article →

Allstate’s cat losses hit $985m in August on hurricanes Laura & Isaias

U.S. primary insurance giant Allstate has reported the highest monthly total of catastrophe losses it has suffered for some time, as hurricanes Laura and Isaias helped to drive the total to $985 million for August 2020. 11 catastrophe events in August drove $969 million of pre-tax catastrophe losses, while adverse reserve read the full article →

Allstate’s Sanders Re II cat bond upsized by one-third to $200m

U.S. primary insurance giant Allstate has successfully increased the size of its new catastrophe bond transaction by one-third, with the Sanders Re II Ltd. (Series 2020-2) cat bond deal now featuring $200 million of notes. The successful upsizing of the issuance came after pricing guidance was lifted to the top-end of read the full article →

Allstate’s top-end target for Sanders Re II cat bond lifts to $200m

Insurance giant Allstate's top-end target for its latest catastrophe bond transaction has been lifted to as much as $200 million, while at the same time price guidance for the Sanders Re II Ltd. (Series 2020-2) cat bond deal has been lifted to the top-end of initial guidance. Allstate returned to the read the full article →

Allstate adds $221m to nationwide excess catastrophe reinsurance in Q1

U.S. primary insurance giant Allstate has added roughly $221 million of new protection to its core nationwide excess of loss catastrophe reinsurance program in the first-quarter of 2020, with the capital markets playing an important role through the Sanders Re II catastrophe bond. Allstate has pushed up the top of its read the full article →

Allstate returns with second Sanders Re II cat bond of 2020

Insurance giant Allstate has returned to the catastrophe bond market for a second time in 2020, something the company has not done since 2017. With a $150 million Sanders Re II Ltd. (Series 2020-2) transaction that seeks Florida specific multi-peril reinsurance for the insurers subsidiaries in the state. It's the first 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 →