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International

Hannover Re’s cat retro program relies on capital markets

November 25, 2020 Reprints

Capital markets back majority of Germany-based reinsurer Hannover Re SE’s retrocession reinsurance sidecar facility K-Cessions, with about 80% of its aggregate retro supported by investors, Artemis reported. The sidecar vehicle’s size increased to €681 million ($807.3 million) in 2020.

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Hannover Re’s cat retro program relies on capital markets

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