Allianz provides support for new catastrophe bonds covering European storm risks

“Allianz is delighted to be able to secure multi-year protection against our highest natural hazard, hurricanes in Europe, by returning to the insurance-linked securities market. Restarting our cat bond journey with Blue Sky Re in 2023 expands our risk mitigation toolset,” said Thorsten Fromhold, Allianz Re Group Reinsurance.