Windmill III Re DAC

Achmea, the Netherlands headquartered European insurance group, has now secured a one-third upsized €100 million source of collateralized European windstorm reinsurance from its new Windmill III Re DAC (2026-1) catastrophe bond, pricing the notes below the initial guidance, Artemis has learned.

Achmea, the Netherlands headquartered European insurance group, has now raised its target for collateralized European windstorm reinsurance from the new Windmill III Re DAC (2026-1) catastrophe bond by one-third to €100 million, while the price guidance has been lowered, Artemis can report.

Netherlands headquartered European insurance group Achmea is back in the catastrophe bond market again, looking to secure at least €75 million in collateralized European windstorm reinsurance protection from the capital markets with a Windmill III Re DAC (2026-1) issuance, Artemis can report.

Having recently secured €100 million of reinsurance protection from its new Windmill III Re DAC (2024-1) catastrophe bond, reinsurer Achmea Re’s MD Ewoud Bom has pointed to the efficiency of the multi-issuance structure, as well as the strong investor reception it felt for what is its second 144A and fourth cat bond deal.

Dutch headquartered European insurance group Achmea has now secured its upsized target of €100 million of reinsurance protection from its new Windmill III Re DAC (2024-1) catastrophe bond, while the notes have now priced at roughly 14% below the mid-point of initial guidance, Artemis has learned.

Dutch headquartered Europe-focused insurance group Achmea has now lifted its target for reinsurance protection from its new Windmill III Re DAC (2024-1) catastrophe bond to €100 million, while at the same time the price guidance has dropped, reflecting investor appetite for diversification opportunities.

Dutch headquartered Europe-focused insurance group Achmea is back in the catastrophe bond market, seeking €75 million in collateralized European windstorm reinsurance protection from a Windmill III Re DAC (2024-1) issuance, that looks set to at least partially renew its maturing cat bond from 2020, Artemis has learned.