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Allianz completes $175m windstorm and earthquake bond

earthquake

Allianz has secured $175m of protection against named storms in the US, Mexico and Carribean, as well as North American earthquakes, ahead of the 2013 Atlantic hurricane season.

Working with reinsurance broker Guy Carpenter's securities business as a bookrunner, the insurer has seen $175m of notes placed in the capital markets, with an expected maturity of May 2013.

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