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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 →