Blue Halo Re Ltd Series 2016-1

The Class B tranche of the Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, originally sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has seen a further small reduction in its principal as presumed loss payments to its beneficiary continue.

The Class B tranche of the Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, that was originally sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has continued to see its principal reduced over the last two months, as loss pay outs continue.

One tranche of the Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, that was sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has now paid out $40 million of its principal on losses.

The Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, that was sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has had the maturity date of its $130 million of Class A notes pushed back by one month.

The Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, which is sponsored by Allianz Risk Transfer a unit of the Allianz global insurance and reinsurance group, has increased in size while marketing by 23% to now look like settling to offer $185m of protection.

One of the world’s largest insurance companies is returning to the catastrophe bond market for the first time since 2013, as a $150m Blue Halo Re Ltd. (Series 2016-1) cat bond is launched to benefit sponsoring Allianz Risk Transfer, a unit of the Allianz global insurance group.