US primary insurer Allstate is now looking for another very large slice of collateralized multi-peril catastrophe reinsurance protection from the catastrophe bond market, as the company has more than doubled the target size for its new Sanders Re II Ltd. (Series 2025-1) issuance to $650 million, Artemis can report.
Read the full article
US insurer Allstate has disclosed today that it expects $1.4 billion of reinsurance recoveries will be made from its program after the recent Los Angeles, California wildfires.
Read the full article
US primary insurer Allstate has returned to the catastrophe bond market in search of $300 million or more in multi-peril per-occurrence catastrophe reinsurance protection from the capital markets with a Sanders Re II Ltd. (Series 2025-1) issuance, Artemis can report.
Read the full article
US insurer Allstate expects its losses from the recent Los Angeles, California wildfires will be around $1.1 billion, pre-tax and net of reinsurance, which has implications for the erosion of aggregate Sanders Re catastrophe bond deductibles and may result in recoveries under its Nationwide excess-of-loss reinsurance tower.
Read the full article
US primary insurer Allstate has now finalised one of the largest catastrophe bonds in its history, with its new Sanders Re II Ltd. (Series 2024-3) issuance now priced to provide the company $650 million of reinsurance protection, some 86% more than the initial target for this deal.
Read the full article
US primary insurer Allstate has for the second time lifted the target size of its latest catastrophe bond, with now $650 million in multi-peril catastrophe reinsurance protection sought from the capital markets through this Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.
Read the full article
US primary insurer Allstate is now aiming to upsize its latest catastrophe bond by as much as 43%, as its target has increased to $500 million in multi-peril catastrophe reinsurance protection from the capital markets through its latest Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.
Read the full article
US insurer Allstate has confirmed its pre-tax loss from hurricane Milton at $102 million, at which level it seems possible the Sanders Re II Ltd. (Series 2024-2) catastrophe bond may face a loss, while the companies year-to-date pre-tax catastrophe losses have reached $4.84 billion after October.
Read the full article
US primary insurer Allstate is back in the catastrophe bond market and seeking $350 million or more in multi-peril catastrophe reinsurance protection from the capital markets through a Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.
Read the full article
In announcing its third-quarter results at end of day yesterday, US insurer Allstate also provided an insight into the losses it expects from recent hurricane Milton and at the level disclosed, it appears that the lowest of the carriers Florida focused Sanders Re catastrophe bonds could trigger and pay out, Artemis can report.
Read the full article
