Collateralised reinsurance
-
The firm has integrated a trustee bank API into the RUDDR platform. -
The deal is a large expansion on last year’s cat-bond coverage.
-
The $175mn bond is priced lower than the original range set out in January.
-
Pricing on Class A notes has reduced for a second time.
-
The health insurer now expects to secure the lowest-risk tranche of its health bond for under a 3% spread.
-
Improving the speed and efficiency of settlements is required to help the market grow.
-
Allstate has expanded the size of the bond twice, now reaching $400mn.
-
The bond will provide protection from named storms in Florida for three years.
-
The bond provides protection for North American named storms and earthquakes.
-
The amount offered in Class A and B notes has also expanded slightly.
-
The three-year instrument provides cover for US named storms and earthquakes and European windstorms.
-
Pricing guidance is currently at 6.75%-7.50% for the Class A notes.
Most Recent
-
GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%
22 November 2024 -
American Coastal targets $100mn of Florida named storm coverage
22 November 2024 -
Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM
20 November 2024