Willis Re Places €100M In Cat Bonds For Dutch Insurer
Law360, London (June 24, 2020, 2:59 PM BST) -- Willis Re Securities said Wednesday it has placed €100 million ($111 million) in catastrophe bonds for Achmea Reinsurance, a deal that marks the growing involvement of capital markets in insurance in Europe.
The deal will protect Achmea Reinsurance — a subsidiary of Achmea BV, which is based in Zeist in the Netherlands — for four years against losses resulting from windstorm damage in Europe.
Catastrophe bonds are a type of insurance-linked security, an asset class that operates in a similar way to traditional reinsurance. Lloyd's of London hopes to encourage greater use of capital markets in reinsurance deals in its modernization program....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!