Allstate extends Sanders Re 2019-1 Class B notes to 2026
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Allstate extends Sanders Re 2019-1 Class B notes to 2026

Jai Singh
23 August 2023
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Allstate has extended its Sanders Re 2019-1 Class B cat bond notes for three years until April 2026, according to a notice on the Bermuda Stock Exchange.

The $300mn of Class B notes, which were issued in 2019 in a four-year deal to 2023, provide ex-Florida coverage for named storms, earthquake, severe weather and other perils on a per occurrence and annual aggregate basis.

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