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Allstate is offering its second Sanders Re catastrophe bond for the year, sized at $350mn across two tranches of notes, in its first ILS transaction with an element of aggregate risk since making a major claim earlier this year.
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The deal covers windstorm, hailstorm and other extreme weather events.
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Eclipse Re has issued a series of large private ILS issuances across four tranches totalling $277.2mn, significantly boosting year-to-date volumes, Bermuda Stock Exchange filings show.
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The monthly loss on the Eurekahedge ILS Advisers index accelerated from 0.4% in August.
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The carrier typically places an occurrence and an aggregate deal in the ILS market each year.
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Everest Re CEO Juan Andrade said appetite had gone “very much higher up in structures”.
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The carrier customarily places an aggregate and occurrence deal in the ILS market each year.
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The pricing on the third in the single-tranche series settled at 2.50%.
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The ILS manager’s cat bond investments generated inflows for GAM’s fixed income pot.
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The third wildfire cat bond for the California utility will be its largest to date
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Its $725mn estimated losses equated to 10% of shareholders’ equity and came in ahead of its Q3 2017 losses of $617mn.
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