Blue Halo Re Ltd Series 2020-1

The target size for Allianz Risk Transfer’s (ART) new Blue Halo Re Ltd. (Series 2020-1) catastrophe bond transaction has been lifted again, with the deal now aiming to secure up to $175 million of retrocession for the firm’s portfolio and some of the tail risks related to the ILS fronting it undertakes.

The target for the new Blue Halo Re Ltd. (Series 2020-1) catastrophe bond transaction from Allianz Risk Transfer has been lifted by 50% to $150 million, while the pricing has moved towards the upper-end of guidance.

Allianz Risk Transfer, a specialist and alternative risk focused unit of the Allianz global insurance and reinsurance group, is back in the catastrophe bond market with a $100 million Blue Halo Re Ltd. (Series 2020-1) transaction, the first by the issuer in four years.