For Achmea Re, the successful completion of its new €100 million Windmill III Re DAC (2026-1) catastrophe bond sponsorship is a continuation of its strategy to diversify its sources of reinsurance and strengthen its relationships with capital market investors, according to Managing Director Ewoud Bom.
Achmea Re acts as the cedent to the transaction, which provides a multi-year source of fully-collateralized European windstorm and severe thunderstorm reinsurance protection.
Achmea first came to the market at the start of the month, aiming to secure at least €75 million in reinsurance from the new cat bond issuance.
As we reported on June 19th, the Windmill III Re Series 2026-1 catastrophe bond notes were successfully finalised at a one-third upsized €100 million, with their risk interest spread priced below their initial guidance range.
With the issuance having settled on June 25th, Achmea Re has now commented on the latest cat bond it is beneficiary of the coverage to.
Ewoud Bom, managing director of Achmea Reinsurance said, “This Windmill III Re Series 2026-1 issuance is a continuation of our strategy to diversify our access to reinsurance capacity worldwide and to broaden and strengthen our relationships with capital market investors.
“We believe in the mutual benefit of our strategy to transfer part of our risk to the capital market, which is confirmed by the good reception from investors of our fifth issuance.”
Achmea Re said the new cat bond forms part of its overall catastrophe reinsurance purchase, diversifying its sources of protection against catastrophe events, providing multi-year cover running from July 2026 to the end of June 2030.
It is the fifth catastrophe bond sponsored by Achmea Re and the third issued under under Rule 144A of the US Securities Act.
You can read about all of Achmea’s Windmill cat bond deals in our extensive Deal Directory.
The newly issued cat bond notes provide Achmea Re with €100 million of reinsurance for European windstorm and severe thunderstorms that originate from Achmea’s non-life insurance companies Achmea Schadeverzekeringen N.V. and N.V. Hagelunie on an ultimate net loss and per-occurrence basis over its term.
With this fifth cat bond issuance now settled and its coverage in-force for Achmea, the company has €200 million of European storm protection from two outstanding Windmill Re cat bonds, which is the first time the sponsor has had two cat bond issuances outstanding at the same time.
You can read all about this Windmill III Re DAC (2026-1) transaction and every catastrophe bond deal in our extensive Artemis Deal Directory.
