Hannover Re has now secured the upsized target of $250 million of North American peak peril retrocession through its new 3264 Re Ltd. (Series 2025-3) catastrophe bond issuance, with the transaction set to become the largest in the program of deals so far and the biggest ever directly sponsored by the company, Artemis has learned.
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Hannover Re is now looking to upsize on its initial target for North American peak peril retrocession through the 3264 Re Ltd. (Series 2025-3) catastrophe bond issuance, with the firm now seeking to secure $250 million of protection which makes this the largest cat bond in this series so far, Artemis can report.
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Hannover Re is back in the catastrophe bond market looking to bolster its North American peak peril retrocession through a new 3264 Re Ltd. (Series 2025-3) issuance that has an initial target of $200 million and one tranche of which utilises a multi-section approach to provide targeted protection, Artemis can report.
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