Allstate triggers Sanders aggregate cat bonds after $1.3bn freeze loss
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Allstate triggers Sanders aggregate cat bonds after $1.3bn freeze loss

Fiona Robertson
18 March 2021
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News: Winter Weather
Photo: PA

Allstate has triggered its Sanders Re aggregate cat bonds after taking $1.3bn of gross losses from the February winter storm, the insurer announced.

The company will also make recoveries from its occurrence reinsurance tower, which triggers at $500mn, and keep $567mn of the $1.3bn

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Catastrophe bondsNewsAllstate
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