Azzurro Re I Ltd

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No impact expected to Azzurro Re I cat bond from quake: Plenum

The magnitude 6.2 earthquake which struck the Umbria region of Italy overnight is not expected to be strong enough to trigger the Azzurro Re I Limited catastrophe bond, according to Zurich, Switzerland based ILS fund manager Plenum Investments.Specialist catastrophe bond and insurance linked securities investors Plenum Investments explained in an read the full article →

M6.2 earthquake hits Umbria, Italy – some ILS assets exposed

A magnitude 6.2 earthquake has struck overnight in the Umbria area of Italy, with early reports of 10 deaths, people still trapped and widespread damage to buildings and structures in the affected region.The M6.2 earthquake struck at around 03.36am local time at a relatively shallow depth of 10km, at a read the full article →

UnipolSai values lower counterparty credit risk of Azzurro Re cat bond

Italian non-life insurance company Assicurazioni S.p.A. values the reduced counterparty credit risk associated with the fully-collateralized reinsurance protection it sourced from the capital markets through the recent Azzurro Re I Limited catastrophe bond.For UnipolSai it was important to begin building relationships with capital markets and insurance-linked securities (ILS) investors, as read the full article →

Italy quake cat bond Azzurro Re I hits €200m, price moves over midpoint

Italian insurer and first time catastrophe bond sponsor UnipolSai Assicurazioni S.p.A.'s Italian and European earthquake cat bond, Azzurro Re I Limited, has been upsized by one-third to €200m, while pricing has moved to just above the midpoint of guidance.Azzurro Re I is the first catastrophe bond to securitise earthquake risks read the full article →

Azzurro Re I, the first Euro/Italy quake indemnity cat bond launches

A new catastrophe bond has been launched which is set to become the first securitisation of earthquake risks in continental Europe on an indemnity basis. Azzurro Re I Limited is a €150m earthquake cat bond sponsored by Italian insurer UnipolSai Assicurazioni S.p.A.There have been a few cat bonds which have read the full article →