Sanders Re Ltd Series 2013-1

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Allstate’s Sanders Re catastrophe bond completes and lists in Bermuda

U.S. primary insurer Allstate’s latest catastrophe bond deal, Sanders Re Ltd. (Series 2013-1), has now completed and the first risk period has begun. With Sanders Re 2013 Allstate has secured itself a new $350m layer of capital market backed fully-collateralized reinsurance protection for covered U.S. hurricanes and earthquakes, including fire read the full article →

With Sanders Re catastrophe bond Allstate brings a new trigger to market

The latest catastrophe bond from U.S. primary insurer Allstate has something very unique about it. The Sanders Re Ltd. (Series 2013-1) issuance, through which Allstate hopes to secure at least $350m of reinsurance cover for U.S. hurricane and earthquake risks, features a trigger design that we've never seen before and read the full article →

Allstate’s Sanders Re catastrophe bond grows in size while pricing drops

We understand from sources in the insurance-linked securities market that U.S. insurer Allstate's latest catastrophe bond deal, Sanders Re Ltd. (Series 2013-1), has upsized during the marketing of the deal. At the same time the price guidance on both tranches of notes being issued has dropped. Sanders Re is Allstate's read the full article →

Allstate launches $250m Sanders Re Ltd. catastrophe bond

As expected after the insurer withdrew around $1 billion of limit from the traditional reinsurance market as it restructured its catastrophe programme to take advantage of alternative reinsurance capacity and the capital markets, U.S. insurer Allstate has launched a new $250m catastrophe bond. The new cat bond from Allstate, Sanders read the full article →