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Leine Re private cat bond benefits Swiss canton insurer GVB

The recent CHF 70m ($71m) Leine Re private catastrophe bond transaction, which was issued through Hannover Re's Kaith Re Ltd. segregated accounts company, was ultimately ceded by and benefits Swiss canton insurer Gebäudeversicherung Bern (GVB).A press release from Guy Carpenter's capital markets arm, GC Securities, which acted as the sole read the full article →

Hannover Re in CHF 70m Leine Re private ILS transaction

German reinsurance company Hannover Re has again used its Bermuda-domiciled segregated accounts vehicle Kaith Re Ltd. to issue a CHF 70m ($71m) private insurance-linked security or catastrophe bond transaction using a segregated account named Leine Re.Hannover Re's Kaith Re vehicle, a Class 3 insurer and segregated accounts company, has previously read the full article →