Sanders Re III Ltd Series 2023-2

US primary insurance player Allstate has now secured an upsized $370 million of Florida focused multi-peril reinsurance protection from the capital markets with its latest catastrophe bond, as the Sanders Re III Ltd. (Series 2023-2) issuance has now been priced.

US primary insurance player Allstate is back in the catastrophe bond market seeking protection for its Florida businesses, with a target for at least $250 million of multi-peril collateralized reinsurance from this Sanders Re III Ltd. (Series 2023-2) issuance.