A truly diversified start for Hannover Re Capital Partners, says Sven Althoff

Global reinsurer Hannover Re’s Bermuda-based insurance-linked securities (ILS) platform, Hannover Re Capital Partners, started writing business at the January 1st, 2026, reinsurance renewals, and Sven Althoff, Member of the Executive Board for Property & Casualty, has described the venture’s start as “truly diversified”.

Ahead of the 2025 meeting of the reinsurance industry in Monte Carlo, Hannover Re announced plans to launch its new Capital Partners platform, with Silke Sehm, Executive Board Member, revealing at RVS that investor conversations were very positive for this “missing piece” of the firm’s ILS business.

Earlier this morning, Hannover Re held a call with the media after the release of its January 1 P&C renewal outcome, and we asked Althoff for some insights into how the start of the new Capital Partners business has been, after the reinsurer confirmed that it has commenced writing business.

“We obviously have found a first investor; we have others in the pipeline. So, you know that we started talking about that during the Monte Carlo Rendezvous, so that was early enough to introduce the concept to some of our ceding companies, which made room for some first lines of what we are writing under that sidecar idea,” said Althoff.

He explained that currently, the platform is focused solely on property natural catastrophe business on a globally diversified basis.

“So, nothing to particularly highlight when it comes to regions or high layer versus low layer strategies. It’s a truly diversified start to the endeavour, and there will be more to come in future quarters,” he said.

As we’ve explained previously, this new platform enables the reinsurer to round-out its offering to both ILS investors and the market, and creates a new avenue to manage and deploy third-party capital to augment its business activities.

This morning, we wrote how Hannover Re expanded its retro programme at the 1.1 2026 renewals, increasing all three components, while adding a new parametric earthquake cover.