Hannover Re securitizes it’s life reinsurance business, the capital markets still work


Hannover Re has for the seventh time transferred a portfolio of its life and annuity reinsurance to the capital markets. The transaction, called ‘L7’, encompasses a financing volume of EUR 100 million and covers unit-linked life and annuity business of several European clients. As with all insurance-linked securitizations of this type it enables Hannover Re to monetise future earnings of EUR 100M right now.

The company has thereby not only secured greater financial flexibility with an eye to the further enlargement of its life and health portfolio, but also improved its risk diversification. “What is more, this successful placement demonstrates that the market is still open to high-quality business despite the difficult situation on capital markets”, Wolf Becke, Chief Executive Officer of Hannover Life Re, noted.

Read the full press release here.

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