K-Cessions

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.

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.