Allstate targets $300mn from Sanders Re cat bond

Allstate Insurance Company is seeking to raise $300mn from a new
four-year Sanders Re cat bond in its first nationwide indemnity
insurance-linked securities transaction, sister publication
Trading Risk reported last week (6
March).
The indemnity per-occurrence transaction will cover named
storms, earthquakes, severe thunderstorms and winter storms across
the US, with the exception of Florida and New Jersey.
However, there is a provision to include New Jersey in the
multi-year deal after its annu