Hannover Re Capital Partners

Speaking earlier today during Hannover Re’s Baden-Baden media briefing, Patrick Horstmann Managing Director, and Head of insurance-linked securities (ILS) at the firm, emphasised that the German reinsurer sees ILS capital as a sustainable addition to the global reinsurance market and a key area of growth for the company.

Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, has said that third-party capital is certainly part of the reinsurer’s strategy, describing it as more than just complementary capacity, whilst also adding that it is creating opportunities for Hannover Re.

Hannover Re Capital Partners, the Bermuda-based insurance-linked securities (ILS) platform established by global reinsurance firm Hannover Re, is continuing to expand its activities on the island, with new fund infrastructure established to support ILS investment options for clients.

Speaking in Monte Carlo this morning, Hannover Re Executive Board Member Silke Sehm noted that the company’s ILS management platform, Hannover Re Capital Partners, successfully wrote additional non-proportional catastrophe business in 2026 under its first third-party capital mandate, with a “lower three-digit million number” of capital raised.

Hannover Re is continuing to build-out its Bermuda-based insurance-linked securities (ILS) platform Hannover Re Capital Partners in 2026, with funds deployed for partnering investors already, the team being strengthened and a goal to onboard more investors while establishing new structures to support a range of investment opportunities.

While Hannover Re has expanded its range of insurance-linked securities services and facilitation, responding to market demand, the company sees collateralised fronting as the centrepiece of this capital market focused aspect of its global reinsurance operations, executives Silke Sehm and Patrick Horstmann told us in an interview.

Hannover Re continued to grow the volumes of its activities as a key insurance-linked securities (ILS) market facilitator in 2025, with securitised reinsurance volumes expanding and collateral furnished for fronted ILS arrangements growing as well.

Global reinsurer Hannover Re’s Bermuda-based insurance-linked securities (ILS) platform, Hannover Re Capital Partners, started writing business at the January 1st, 2026, reinsurance renewals, and Sven Althoff, Member of the Executive Board for Property & Casualty, has described the venture’s start as “truly diversified”.

With global reinsurance firm Hannover Re now having licensed its new insurance-linked securities (ILS) operation Hannover Re Capital Partners (HCP) in Bermuda, the company has revealed that Bermuda P&C leader Michael Eberhardt takes on the CEO position while Head of ILS Patrick Horstmann is a Director of the new unit.

Former Hiscox ILS executive Aaron García Ehrhardt has now confirmed his new role being as the Head of Capital & Underwriting at Hannover Re Capital Partners (HCP), the global reinsurance firm’s recently established Bermuda-based insurance-linked securities (ILS) platform.