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Hannover Re plans to sponsor its first cyber cat bond


Henning Ludolphs and Silke Sehm, senior executives at Germany's Hannover Re SE, said that the reinsurer is planning to sponsor its first cyber catastrophe bond, although further details were not revealed, Artemis reported. In January, Hannover purchased $100 million in retrocessional reinsurance coverage for cyber exposures through a proportional reinsurance treaty.


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