Allstate secures 150% upsized $750m Sanders Re 2025-1 cat bond, it’s joint largest yet – Go Health Pro

Allstate secures 150% upsized 0m Sanders Re 2025-1 cat bond, it’s joint largest yet – Go Health Pro

US primary insurer Allstate has now successfully priced its latest catastrophe bond transaction, securing the upsized 150% target of $750 million of collateralized multi-peril and multi-year catastrophe reinsurance protection from the Sanders Re II Ltd. (Series 2025-1) issuance, which marks the company’s joint-largest cat bond sponsorship ever.Allstate returned to the catastrophe bond market in February … Read more

Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs – Go Health Pro

Norfolk Southern Says Insurance to Cover At Least 0M of Ohio Derailment Costs – Go Health Pro

Norfolk Southern’s solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, or $3.23 per share, in the fourth quarter. That’s up from $527 million, or $2.32 … Read more