Sanders Re III Ltd

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.

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.

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.

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.

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.

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.

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.