Sanders Re II Ltd

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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 →

Allstate’s Sanders Re II cat bond fixed at $300m at high-end of pricing

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. The first cat bond read the full article →

Sanders Re II cat bond targets $350m+ of reinsurance for Allstate

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. It's a similar arrangement to Allstate's last catastrophe bond in 2018, which also read the full article →