Sanders Re II Ltd

Allstate, the large U.S. primary insurer, has reported catastrophe losses for the month of May of an estimated $893 million, slightly higher than the $872 million reported in April.

US primary insurance giant Allstate has reported a relatively heavy catastrophe loss burden for April 2023, with $872 million of losses recorded during what is the first month of the annual aggregate term for many of its Sanders catastrophe bonds and the reinsurance they provide.

US primary insurance giant Allstate has reported a relatively brisk start to its aggregation of catastrophe losses for the second-quarter, with pre-tax catastrophe losses for April and May alone totalling $752 million.

US primary insurance giant Allstate has renewed its main excess catastrophe reinsurance towers for 2022 into 2023 and the company has raised the top of its per-occurrence reinsurance coverage to $6.6 billion, but on the aggregate side the tower has shrunk with coverage attaching lower-down now thanks to the use of event deductibles.

It’s become apparent that US primary insurance carrier Allstate is set to make more reinsurance recoveries from its catastrophe bonds for aggregate losses, as the firm has made a small recovery from the $100 million Class B notes of its Sanders Re II Ltd. (Series 2020-1) transaction and the market expects more erosion to that […]

US primary insurance carrier Allstate has revealed making $1.37 billion of recoveries under its catastrophe reinsurance arrangements during calendar year 2021, $300 million of which came after a full exhaustion of its Sanders Re II 2019-1 catastrophe bond transaction.

After a calendar year in which US primary insurance carrier Allstate reported almost $3.34 billion of catastrophe losses, it is no surprise to see the company extolling the importance of its traditional and capital markets reinsurance arrangements.

US primary insurance carrier Allstate has reported its fourth-quarter 2021 catastrophe losses, revealing a total of $528 million, pre-tax, with relatively significant impacts experienced from December loss events, including Colorado’s Marshall Fire.

Allstate has increased the target issuance size for its latest catastrophe bond, with the Sanders Re II Ltd. (Series 2021-2) transaction now expected to secure the company a $400 million of multi-peril per-occurrence and aggregate reinsurance protection across a range of named perils.

US primary insurance carrier Allstate is back with its latest catastrophe bond, a $350 million Sanders Re II Ltd. (Series 2021-2) transaction and this deal will provide the insurer with both multi-peril per-occurrence and aggregate reinsurance protection across a range of named perils.