Allianz secures €250m cat bond for European windstorm

First cat bond to protect Allianz’s portfolio for a decade

Ben NorrisDecember 19, 2023
Storm Ciarán aftermath - broken branches on top of car.
Storm Ciarán aftermath. Credit: Shutterstock/Fernando Astasio Avila

Allianz has sponsored a €250m catastrophe bond to protect its own account from European windstorm risks.

The three-year reinsurance deal, which starts in January 2024 and runs to December 2026, is the first cat bond that A...

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Ben NorrisDecember 19, 2023
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