Allstate launches $250m cat bond


US insurer Allstate has launched a new catastrophe bond. The deal’s initial size has been marked up as $250m but speculation is already mounting around by how much it could increase in size given the appetite of capital markets investors at the moment and Allstate’s large appetite for such coverage.

Allstate, Cat Bond, US, Insurance, Willow Re, Sanders Re, Bermuda, Reinsurance, Standard & Poors

Intelligent Insurer