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K-Cessions sidecar snapshot
- Reinsurance sidecar: K-Cessions
- Sponsor: Hannover Re
- Launched: ?
- Latest size: $400m (as at February 2015)
K-Cessions sidecar details
Hannover Re’s Managing Director for Retrocessions & Capital Markets, Henning Ludolphs, has described the reinsurer’s K-Cessions quota share retro reinsurance sidecar facility as “the backbone of our retrocession program.”
At the start of 2015 the reinsurer increased the size of its K-Cessions sidecar vehicle to $400m, up from the previous $320m.
The K-Cessions retro quota share facility has evolved over the years, acting as a sidecar facility that allows Hannover Re to share a portion of its book with capital markets investors, while also providing a flexible source of retrocessional protection.
Go back to the Artemis Collateralized Reinsurance Sidecar Directory.