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

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats

Request a free trial Already a subscriber? Login now

Topics

News Allstate Catastrophe bonds Results Claims and losses

Fiona Robertson

Editor-in-Chief