3264 Re Ltd. Series 2020-1

At issuance, the upsized by 50% $150 million 3264 Re Ltd. (Series 2020-1) international multi-peril catastrophe bond transaction brought to market by global reinsurance firm Hannover Re saw its pricing settle at the bottom-end of already reduced guidance, reflecting a roughly 6% fall while marketing.

The new international multi-peril 3264 Re Ltd. (Series 2020-1) catastrophe bond transaction that is being sponsored by global reinsurance firm Hannover Re looks likely to upsize by 50% to become a $150 million issuance.

Global reinsurance firm Hannover Re is back in the catastrophe bond market to source a slice of retrocessional coverage, with a $100 million or greater international multi-peril 3264 Re Ltd. (Series 2020-1) cat bond transaction.