Italian primary insurance company UnipolSai Assicurazioni S.p.A. has returned to the catastrophe bond market for what will be its fourth issuance, with a €100 million Azzurro Re II DAC (Series 2022-1) issuance that seeks to extend its sources of earthquake reinsurance protection from the capital markets.

This new Azzurro Re catastrophe bond from UnipolSai is very similar to its 2020 issuance under the same special purpose vehicle, which secured the insurer a similar €100 million slice of Italy focused European earthquake reinsurance protection running to the end of 2023.


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