Blue Halo Re Ltd Series 2016-2

The Blue Halo Re Ltd. (Series 2016-2) catastrophe bond transaction, which is being sponsored by Allianz Risk Transfer the specialist alternative risk transfer and fronting arm of global insurance and reinsurance group Allianz, has more than doubled in size during marketing to $225m.

A second catastrophe bond issuance from the Blue Halo Re special purpose insurer (SPI) has been launched to investors, a Blue Halo Re Ltd. (Series 2016-2) transaction, with sponsor Allianz Risk Transfer seeking another $100m or more of reinsurance coverage for U.S. named storms and earthquakes.