Allstate to recoup $184mn from Sanders aggregate cat bond

Fiona Robertson

15 April 2021

Allstate has said it will recover $184mn of losses from its aggregate reinsurance cover, provided by its Sanders Re cat bond series.

The insurer had warned it was set to trigger the deal after taking $1.3bn of gross losses from February’s winter storm Uri.

The

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Topics

News Allstate Catastrophe bonds Results Claims and losses Catastrophe losses

Fiona Robertson

Editor-in-Chief