Hannover Re issues Seaside Re catastrophe bond

Posted On: Jan. 9, 2017 5:00 AM CST

German reinsurer Hannover Re S.E.'s Bermuda domiciled segregated accounts vehicle Kaith Re Ltd. has issued an $86.5 million Seaside Re private catastrophe bond, Artemis.bm reports. Seaside Re notes are likely cover property catastrophe risks like other Kaith Re insurance-linked securities.