Allstate lifts Sanders cat bond recoveries in Q2 as overall reinsurance claims pared
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Allstate lifts Sanders cat bond recoveries in Q2 as overall reinsurance claims pared

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Allstate said it expected to claim $253mn of its Sanders Re 2019-1 cat bond cover, up 30% from the $195mn reported in May, after an active year for cat losses.

This leaves $47mn of the cat bond limit remaining.

The update came as Allstate reported a total net tally of $952mn of quarterly cat losses, which was lower than last year’s $1.2bn.

On

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