Allianz provides backing for new catastrophe bond covering European windstorm risks

Allianz provides backing for new catastrophe bond covering European windstorm risks

“Allianz is pleased to secure multi-year protection against our peak natural peril, windstorms in Europe, by returning to the insurance-linked securities market. Restarting our cat bond journey with Blue Sky Re in 2023 broadens our risk mitigation toolbox,” Allianz Re group reinsurance officer Thorsten Fromhold said.

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