Italian insurer places $51 million cat bond for severe weather risks
Munich Reinsurance Co | March 01, 2019
Italian insurer UnipolSai Assicurazioni SpA has completed a €45 million ($51.2 million) catastrophe bond protecting it against a range of severe weather risks in Italy, Willis Towers Watson PLC said Friday. Atmos Re DAC was structured and placed by the securities arm of Willis Re, the reinsurance division of Willis Towers Watson, with Munich Reinsurance Co. as co-manager, the brokerage said in a statement.