Allstate secures $650mn Sanders Re limit, notes price below guidance
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Allstate secures $650mn Sanders Re limit, notes price below guidance

The Class A and Class B notes are paying lower multiples than initially guided.

By Jai Singh
December 11, 2024
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Lake Christine Fire in burning over 5000 acres in Colorado

Allstate has upsized its latest Sanders Re cat bond by 86% to secure $650mn of limit, with pricing on the Class A and Class B notes settling below guidance.

The

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Topics

NewsCatastrophe bondsProperty treatyRe/insurersNorth America
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