NU Online News Service, April 5, 2:52 p.m. EDT
Two broker-dealers have placed $240 million of insurance-linked securities on behalf of Allianz to protect against hurricanes and earthquake risk.
GC Securities, part of the reinsurance brokerage firm Guy Carpenter, a subsidiary of Marsh & McLennan Companies and Swiss Re Capital Markets, a subsidiary of reinsurer Swiss Re, placed the insurance-linked securities through Blue Danube Ltd.
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