LI Re

Hannover Re’s Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued two new private catastrophe bonds, with a relatively small $4 million of notes issued across the LI Re (Series 2026-1) and LI Re (Series 2026-2) deals that will support securitized and collateralized reinsurance or retrocession arrangements.

A new private catastrophe bond has been issued by German reinsurance company Hannover Re’s Bermuda-based structure Kaith Re Ltd., with $15 million of LI Re (Series 2025-2) notes issued to support what is assumed to be a privately placed collateralized and securitized catastrophe reinsurance arrangement for an unknown sponsor.

Artemis has learned of a new $9.525 million private catastrophe bond that has been issued by German reinsurance company Hannover Re’s Bermuda-based structure Kaith Re Ltd., with the LI Re (Series 2025-1) deal assumed to be providing privately placed collateralized and securitized catastrophe reinsurance capacity for an unknown sponsor.

A new $5 million private catastrophe bond issued by German reinsurance company Hannover Re’s Bermuda-domiciled vehicle Kaith Re Ltd. has come to light, with the LI Re (Series 2024-1) deal assumed to be providing privately placed collateralized and securitized catastrophe reinsurance capacity for an unknown sponsor.

A $15 million private catastrophe bond transaction covering California earthquake risks has come to market, with the LI Re (Series 2023-1) deal, issued by the Hannover Re owned Kaith Re vehicle, taking private cat bond issuance to almost $411 million year-to-date.

German reinsurance company Hannover Re has facilitated issuance of two new private catastrophe bond transactions, a $15 million California quake focused LI Re (Series 2022-1) and $24 million Seaside Re (Series 2022-1) covering unknown U.S. property catastrophe risks.

Hannover Re, the German reinsurance company, has facilitated a renewal of a $10 million private catastrophe bond exposed to California earthquake risks, using its Kaith Re segregated accounts vehicle.

German reinsurance giant Hannover Re has assisted with and issued another private catastrophe bond transaction, or cat bond lite, with the issuance of a $10 million California earthquake risk exposed LI Re (Series 2018-1) deal for an unknown cedent and certain ILS investors.

A $10 million LI Re (Series 2016-2) private catastrophe bond that was issued by German reinsurance firm Hannover Re’s segregated accounts vehicle Kaith Re Ltd., has been matured early and its notes have been delisted as a result.

German reinsurance giant Hannover Re has facilitated another private catastrophe bond transaction, with the issuance of a $10 million LI Re (Series 2017-1) deal that securitises California earthquake reinsurance risk for an unknown cedent and certain ILS investors.