NEWS IN BRIEF

The Class A Tranche... of Sanders Re, which will protect Allstate Corp against US hurricane and earthquake, has been upsized from $100m to $200m, reports Artemis (IIN 24, April 23 2013). The Class B tranche remains at $150m. The coupon has also been cut, with Class A's original range of 3.75% to 4.75% now coming in at 3.5%, and Class B's range of 4.35% to 5% now coming in at 4%.