Blue Halo Re Ltd

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.

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.