hannover re

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’s Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued another private catastrophe bond under its Seaside Re program, with a $14.94 million Seaside Re (Series 2026-61) deal that we expect will be exposed to US property catastrophe risks and provide reinsurance or retrocession for an unknown sponsor.

Hannover Re, the global reinsurance company, has facilitated issuance of a new $7.47 million private LI Re 2026-3 catastrophe bond using its Bermuda-domiciled transformer vehicle Kaith Re Ltd., with this new deal expected to support a collateralized, transformed and securitized reinsurance or retrocession arrangement.

Parametrix is delighted to see expanded support from investors across the market to cover the tail risk of cloud outage events through Hannover Re’s successful renewal of its landmark parametric catastrophe bond, Cumulus Re (Series 2026-1), Sharon Haran, Managing Director of Parametrix Analytics, has said.

Hannover Re’s Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued two new private catastrophe bonds, with a relatively small $4 million of notes issued across the LI Re (Series 2026-1) and LI Re (Series 2026-2) deals that will support securitized and collateralized reinsurance or retrocession arrangements.

Hannover Re has facilitated another private catastrophe bond arrangement, as its Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued a $20 million Seaside Re (Series 2026-71) transaction that is exposed to US property catastrophe risks and will provide reinsurance or retrocession for an unknown sponsor.

Hannover Re has reported its full-year 2025 results this morning, with a meaningful increase to net income and clear growth in property and casualty risks, while on the large loss side insurance-linked securities (ILS) capital sources ended up supporting roughly 20% of the large losses it experienced.

Hannover Re has sponsored a second successful renewal of its landmark parametric cloud outage catastrophe bond, this time securing $35 million in retrocessional cyber reinsurance protection covering cloud outage events with a Cumulus Re (Series 2026-1) issuance, Artemis can report.

Large European reinsurer Hannover Re expanded its retrocession protections by around 17%, or EUR 200 million to EUR 1.4 billion at the January 1st, 2026, reinsurance renewals, with increased capacity for its capital markets backed K-Cessions quota share sidecar facility, and a new parametric earthquake cover.

Hannover Re’s Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued $75 million of Seaside Re private catastrophe bond notes across seven numbered series, with all exposed to US property catastrophe risks, providing reinsurance or retrocession for an unknown sponsor or sponsors.