Allianz Risk Transfer launching innovative catastrophe securitization Blue Coast Ltd.

Share

We’ve just added to the website full details on the impending $120m catastrophe securitization deal between Allianz Risk Transfer (Bermuda) Ltd. and their Cayman Islands based SPV Blue Coast Ltd.

The deal provides protection from U.S. hurricanes to Allianz ART over the next few years and features an innovative trigger mechanism which removes a great deal of basis risk by bringing measurement down to a county level. This trigger structure (believed to have been designed by Deutsche Bank) could open the way for smaller reinsurers to access the capital markets, safe in the knowledge that triggers are based at a lower more local level which is more aligned to their insured portfolio.

Full details in our Deal Directory.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Florida and Gulf Coast tropical wind futures from IFEX available soon

The Insurance Times is reporting that from tomorrow (11th July) the Chicago Climate Futures Exchange will be listing IFEX (Insurance...

Close