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International

Allianz seeks $273 million of windstorm cover from cat bond issue

November 20, 2023 Reprints

German insurer Allianz SE is seeking a €250 million ($273 million) or larger group-wide source of European windstorm reinsurance protection with the issuance of a new catastrophe bond, Artemis reported. The insurer has also established an Irish special purpose firm to issue the bond, which will protect the Allianz group of companies in all the key exposed nations, on a weighted industry loss trigger and pre-occurrence basis over a period of three years.

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Allianz seeks $273 million of windstorm cover from cat bond issue

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