Sanders Re Ltd Series 2015-1

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Allstate secures 7-year Sanders in the traditional reinsurance market

U.S. primary insurance group Allstate successfully turned to the traditional reinsurance market to purchase 7-year coverage that it failed to secure from the capital markets with its recently dropped Sanders Re 2015-1 catastrophe bond.Allstate tested the boundaries of the cat bond market with its most recent attempted issuance. The proposed read the full article →

Sanders Re 2015-1 cat bond order book building ‘outside of guidance’

Allstate's latest catastrophe bond issuance is not going as smoothly as its previous attempts to tap the capital markets, as investors showed an unwillingness to meet the insurers pricing ambitions leading to the book building "outside of guidance."U.S. primary insurer Allstate launched its fourth Sanders catastrophe bond just over two read the full article →

Allstate launches Sanders Re 2015-1 cat bond to secure 7-year cover

U.S. primary insurance company Allstate launched its fourth Sanders catastrophe bond on Friday, seeking one of the longest coverages that the cat bond market has provided. The $130m Sanders Re Ltd. (Series 2015-1) is looking for a 7 year cover for multiple U.S. perils for the insurer.Allstate returned to the cat read the full article →