ALLIANZ LAUNCHES LATEST CAT BOND

Allianz has launched its first catastrophe bond since 2013 with its $150m Blue Halo Re bond issuance. The cat bond will provide the insurer’s alternative risk transfer unit, Allianz Risk Transfer, with non-traditional reinsurance for US storm and earthquake cover, according to artemis.bm. The bond, which is structured into two tranches, includes an industry loss trigger and will provide Allianz ART with three years of coverage until June 2019.