German insurer Allianz is planning a new $150 million catastrophe bond, the fourth such transaction this year, according to market reports.

The bond will be the second deal issued from Allianz's €1 billion ($1.31 billion) Cayman Islands-based Blue Fin shelf program. The program covers its Allianz Argos 14 unit against U.S. hurricane and earthquake losses until April 2012.

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