hannover re

There’s a new insurance-linked securities (ILS) fund emerging on the scene thanks to a seed investment from German reinsurer Hannover Re. Hannover Re has had an internal ILS fund, which they have been successfully running since 2008, targeting a diversified portfolio of low-risk catastrophe bonds for their own benefits. Now they are turning what was […]

Just a week ago, German reinsurer Hannover Re completed their latest catastrophe bond transaction, Eurus III Ltd. Hannover Re have been a regular issuer of cat bonds and have also used the capital markets for a number of other insurance securitization transactions, including life securitization in the past. So they are not a newcomer to the […]

German reinsurer Hannover Re have again utilised the capital markets for their retrocession renewal through their proportional retrocession programme which they call K Cession. Previously called K6, Hannover Re have been bringing retrocessional risks to capital markets investors since as far back as 1995.

Scottish Re, a Bermuda domiciled life reinsurer currently going through a run-off process, has announced their second quarter 2011 financial results and recorded a loss due to the unwinding of a life insurance securitization transaction. The Orkney 1 life insurance securitization transaction has been unwinding since Scottish Re were placed in run-off and ceased writing […]

Scottish Re, the Bermuda based run-off life reinsurer, has announced the completion of the unwind of their 2005 Orkney I life insurance securitization transaction. The announcement also signifies the completion of the transfer of the block of business to Hannover Life Reassurance Company of America.

Hannover Re has bought a portfolio of reinsurance from Scottish Re which was part of a life insurance securitization issued under SPV Orkney Re. Through the acquisition Hannover Re now assumes the mortality risk of term life and endowment policies which were reinsured by Scottish Re during the underwriting years of 2000 to 2003.

Hannover Re has announced that it has increased the volume of its K6 transaction (originally issued in 2009). K6 is comprised of portfolios of non-proportional reinsurance treaties in property catastrophe, marine and aviation lines.