K-Cessions

The Artemis Collateralized Reinsurance Sidecar Directory provides information on fully-collateralized reinsurance sidecar vehicles established to enable third-party investors to share in the returns of insurance or reinsurance business.

Unsure what a reinsurance sidecar is? Read our explanation here: What is a reinsurance sidecar?

K-Cessions sidecar snapshot

  • Reinsurance sidecar: K-Cessions
  • Sponsor: Hannover Re
  • Launched: ?
  • Latest size: $400m (as at February 2015)

K-Cessions sidecar details

Hannover Re’s Managing Director for Retrocessions & Capital Markets, Henning Ludolphs, has described the reinsurer’s K-Cessions quota share retro reinsurance sidecar facility as “the backbone of our retrocession program.”

At the start of 2015 the reinsurer increased the size of its K-Cessions sidecar vehicle to $400m, up from the previous $320m.

The K-Cessions retro quota share facility has evolved over the years, acting as a sidecar facility that allows Hannover Re to share a portion of its book with capital markets investors, while also providing a flexible source of retrocessional protection.

Go back to the Artemis Collateralized Reinsurance Sidecar Directory.