Sanders Re III Ltd

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Allstate’s Florida cat bond priced high at $287.5m in size

The latest catastrophe bond from US primary insurance giant Allstate has now been priced, with the Florida reinsurance-focused Sanders Re III Ltd. (Series 2022-2) multi-peril issuance eventually reaching $287.5 million in size, but at higher pricing. Allstate returned to the catastrophe bond market earlier in May, seeking to bring more capital read the full article →

Allstate’s Florida cat bond target lifts to $275m at top-end pricing

US primary insurance giant Allstate making progress with its latest catastrophe bond, a Sanders Re III Ltd. (Series 2022-2) multi-peril issuance that seeks Florida focused reinsurance coverage for the carrier and now looks like it could upsize slightly to $275 million, but with pricing at the top-ends of guidance. Allstate returned read the full article →

Allstate targets $250m+ catastrophe bond as part of Florida renewal

US primary insurance giant Allstate is seeking Florida focused reinsurance coverage from a catastrophe bond for the first time in two years, with a $250 million or greater Sanders Re III Ltd. (Series 2022-2) multi-peril issuance now in the market. Allstate has previously sought out Florida focused catastrophe bond backed reinsurance read the full article →

Allstate lifts cat reinsurance to $6.6bn. Agg cover lowered on event deductibles

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 read the full article →

Allstate lifts target to $550m for Sanders Re III cat bond

US primary insurance carrier Allstate has lifted the target for its first catastrophe bond of 2022 to $550 million of multi-peril reinsurance protection, while the pricing for each tranche of Sanders Re III Ltd. (Series 2022-1) notes is set for the mid or upper-ends of guidance. Allstate returned to the catastrophe read the full article →

Allstate targets $450m+ Sanders Re III multi-peril cat bond

US primary insurance carrier Allstate is in the catastrophe bond market for the first time in 2022, seeking $450 million or more of reinsurance protection across both per-occurrence and annual aggregate multi-peril protection, with a Sanders Re III Ltd. (Series 2022-1) issuance. For its first new catastrophe bond of 2022, we're read the full article →