One tranche of Allstate’s Sanders Re 2014 cat bond upgraded by S&P
24th July 2017Ratings agency Standard & Poor’s has upgraded one of the three tranches of notes issued in U.S. primary insurer Allstate’s $750 million Sanders Re Ltd. (Series 2014-1) catastrophe bond, as the tranche has now passed its final reset date without the expected loss having been increased.
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