Sanders Re Ltd

U.S. insurer Allstate’s second visit to the catastrophe bond market in recent weeks to issue a new tranche of notes under its Sanders Re vehicle, Sanders Re Ltd. (Series 2014-2), is set to upsize while pricing on the notes has moved towards the top end of guidance.

U.S. primary insurer Allstate is returning, as was expected, to the catastrophe bond market for the issuance of another tranche of notes under its Sanders Re vehicle. Sanders Re Ltd. (Series 2014-2) seeks $150m of indemnity protection for two Allstate subsidiaries.

Allstate’s latest catastrophe bond transaction Sanders Re Ltd. (Series 2014-1), which is its fourth that we’ve recorded in the Artemis Deal Directory, has become the U.S. primary insurer’s largest cat bond to date as it upsized by 25% to launch at $750m.

U.S. primary insurer Allstate’s latest catastrophe bond transaction, Sanders Re Ltd. (Series 2014-1), could upsize by 25% to $750m in size while pricing looks destined to close at the mid to upper end of guidance.

U.S. primary insurer Allstate is returning to the catastrophe bond market with a second Sanders Re issuance. Sanders Re Ltd. (Series 2014-1) is a $600m or larger U.S. named storm and earthquake cat bond structured across three, perhaps four tranches.

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 following, on an industry loss […]

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 we understand that this is […]

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 third trip to the cat […]

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 Re Ltd. (Series 2013-1), is […]