Blue Sky Re DAC 2023-1

Global insurance giant Allianz has expressed its pleasure at a successful catastrophe bond issuance with the recently completed €250 million Blue Sky Re DAC (2023-1) deal, the first cat bond for the firms own account in more than a decade.

Global insurance giant Allianz has now secured the targeted €250 million in European windstorm reinsurance protection from its Blue Sky Re DAC (2023-1) catastrophe bond issuance, with the notes eventually being priced at the top-end of the initial guidance range.

Having returned to the catastrophe bond market last month, global insurance giant Allianz is still on track to secure at least €250 million in European windstorm reinsurance protection with its Blue Sky Re DAC (2023-1) cat bond issuance, while the price guidance has been narrowed towards the upper-end of the marketed range.

Global insurance giant Allianz is back in the catastrophe bond market seeking a €250 million or larger group-wide source of European windstorm reinsurance protection with a Blue Sky Re DAC (2023-1) issuance.