Hannover Re’s $2.7bn fronted 2021 cat bond volume included high-risk retro deal
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Hannover Re’s $2.7bn fronted 2021 cat bond volume included high-risk retro deal

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Hannover Re said that it fronted eleven cat bond deals worth a total of $2.7bn in 2021, showing that it was not the beneficiary of the high-risk retro cat bond 3264 Re issued in December.

This $100mn deal provided ILW-based cover and at the time was thought to be part of Hannover’s retrocession programme.

The

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