Windmill II Re DAC

Insurance-linked securities (ILS) investors and catastrophe bond funds valued the diversification opportunity that was the recent EUR 100 million European peril focused recently completed Windmill II Re DAC (2020) transaction sponsored by Achmea, according to catastrophe modeller RMS.

The recently completed Windmill II Re DAC (2020) catastrophe bond transaction effectively integrates within the property catastrophe reinsurance program of sponsor Achmea, according to the deals structuring agent and bookrunner Willis Re Securities.

European insurance group Achmea has successfully priced its new  Windmill II Re DAC (2020) catastrophe bond transaction at the 25% upsized target of EUR 100 million and with the coupon pricing reduced by 11% over the course of the deal’s marketing.

European insurer Achmea is aiming to secure slightly lower than anticipated pricing for its new  Windmill II Re DAC (2020) catastrophe bond transaction, with the upsized EUR 100 million deal potentially set to come in with a slightly lower coupon now.

European insurer Achmea is hoping to increase the size of its new Windmill II Re DAC (2020) catastrophe bond transaction by as much as 25%, with the offering now targeting up to EUR 100 million (US $113m) of reinsurance protection for the company.

Dutch headquartered European market focused insurance group Achmea has returned to the catastrophe bond market to sponsor a roughly $90 million Windmill II Re DAC (2020) transaction, which will be the companies third cat bond transaction.