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.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Predictions for the insurance-linked security and weather risk markets in 2009

2008 was a year of ups and downs for the insurance linked security and catastrophe bond markets, while the weather...