Tuesday

Allianz Grows to $180 million

Allianz GrowsA accident band placed by German insurer Allianz SE has developed to $180 million, according to Goldman Sachs & Co., which abiding the transaction.

The bond, Blue Fin II, was initially placed aftermost ages for $150 million. It provides Munich-based Allianz with three-year aegis adjoin U.S. blow and convulsion losses.

Blue Fin II is the fourth accident band transaction to appear to bazaar this year. If successful, the alms will booty fresh arising so far in 2009 to $755 million.

The accord is accepted to abutting April 16. Fresh York-based S&P has assigned a basic appraisement of BB bare to the deal.

Last month, a accident band placed by Boston-based Liberty Mutual Group Inc. was added to $225 actor from $200 actor because of broker demand.

Experts say fresh accident bonds advancing to bazaar this year affection added structures and tighter accessory requirements, advocacy broker appetence for the deals.


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