US primary insurance giant Allstate has pre-announced a range of items that added up to make the third-quarter a particularly challenging one for the company, but positively for the carrier its reinsurance tower has responded to losses from hurricane Ian and a $305 million recovery is anticipated.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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