Willis Re Securities, in collaboration with Willis Re – the reinsurance division of Willis Towers Watson – has announced that it has structured and placed €100 million (around NZ$175 million) of insurance-linked securities (ILS) for Achmea Reinsurance Company N.V., the reinsurance arm of Dutch insurance group Achmea B.V.
Windmill II Re DAC settled Monday and provides Achmea Reinsurance with a single €100 million tranche of fully collateralised protection against European windstorm risk for four years, according to Willis Re Securities.
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