Allstate has purchased a new one-shot "buffer layer" of reinsurance that will sit around its Sanders Re cat bonds after shedding more than $250mn of top-layer limit from its traditional nationwide reinsurance programme for 2014.
Allstate has purchased a new one-shot "buffer layer" of reinsurance that will sit around its Sanders Re cat bonds after shedding more than $250mn of top-layer limit from its traditional nationwide reinsurance programme for 2014.