King Max Re DAC 2023

German insurer Versicherungskammer Bayern Versicherungsanstalt des oeffentlichen Rechts’ (VKB) has provided an update on its losses from the severe flooding that struck southern parts of Germany in June 2024, highlighting they remain well-below the attachment point of its King Max Re DAC 2023 catastrophe bond, Artemis has learned.

German insurer Versicherungskammer Bayern Versicherungsanstalt des oeffentlichen Rechts’ (VKB) has now successfully priced its debut King Max Re DAC 2023 catastrophe bond issuance to provide it with an upsized €175 million of multi-peril catastrophe reinsurance protection.

German domestic market insurance company Versicherungskammer Bayern Versicherungsanstalt des oeffentlichen Rechts’ (VKB) has lifted the target size for its debut King Max Re DAC 2023 catastrophe bond issuance to provide it as much as €175 million of multi-peril reinsurance.

German domestic market insurance company Versicherungskammer Bayern Versicherungsanstalt des oeffentlichen Rechts’ (VKB) has entered the catastrophe bond market for the first time, seeking €150 million in multi-peril reinsurance from the capital markets through a King Max Re DAC 2023 transaction.