Eurus II, the catastrophe bond nearing the end of it’s marketing phase, from Hannover Re has proved to be a popular one. It’s been upsized from it’s initial €75m size to €150m. Demand from investors was said to high as those with insurance-linked security portfolios seek to diversify away from the usual U.S. hurricane risk with a slice of European windstorm risk which Eurus II provides. There also seems to have been genuine appetite from investors seeking to enter the market as well with issuance still slower than in years before the recent financial crisis.
Full details on Eurus II can be found in our Deal Directory.
———————————————————————
Alongside our sister publication Reinsurance News, we’ve launched a new survey for the insurance, reinsurance and insurance-linked securities (ILS) industry, asking for your opinion on the market implications of the Covid-19 coronavirus pandemic. Answer our survey here.
Read Covid-19 coronavirus related news & analysis here.
