Hannover Re lifts K-Cessions to $680m as retro takes 40% of cat losses

German reinsurer Hannover Re has increased the size of its capital markets backed K-Cessions quota share retro reinsurance sidecar facility to $680 million for 2020, after sharing 40% of its major catastrophe losses with retrocessionaires in 2019.In reporting its annual results this morning, Hannover Re revealed that 2019 was a read the full article →

Viribus Re reinsurance sidecar launched at $60m+ by MS Amlin

Specialist global insurance and reinsurance firm MS Amlin is the latest to announce the launch of a collateralised reinsurance sidecar vehicle for 2018, announcing a $60 million plus vehicle named Viribus Re Ltd, which will provide collateralised reinsurance support to its Lloyd's syndicate.Viribus Re Ltd. is read the full article →

Hannover Re grows its K-Cession placement to $600m for 2018

Global reinsurance firm Hannover Re has increased the size of its regular K-Cession capital markets retrocession placement to $600 million for 2018, as the reinsurer continued to leverage ILS funding as a source of protection and to augment its own capacity.A year ago Hannover Re's K-Cession placement, which sees the read the full article →

Hannover Re increases sidecar use at 1/1, secures additional retro cover

At the key January 1st 2017 reinsurance renewals Hannover Re increased its use of third-party retrocession capacity via its K-Cessions sidecar vehicle, purchased additional catastrophe retrocession protection, and also reported growth in its structured reinsurance business as demand spiked.The reinsurance giant announced today that it has increased its 2017 profit read the full article →

K-Cessions quota share sidecar the backbone of our retrocession: Hannover Re

For German reinsurer Hannover Re, the K-Cessions quota share retro reinsurance sidecar facility is "the backbone of our retrocession program" according to Henning Ludolphs, the reinsurers Managing Director for Retrocessions & Capital Markets.Hannover Re has increased the size of the K-Cessions capital markets and third-party capital backed retrocession facility for read the full article →