Hannover Re’s Kaith Re transformer issues $15mn LI Re cat bond lite
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Hannover Re’s Kaith Re transformer issues $15mn LI Re cat bond lite

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Hannover Re’s Bermuda-based reinsurance transformer Kaith Re has issued a new $15mn private cat bond, a Bermuda Stock Exchange filing confirms.

The new bond, LI Re 2023-1, will provide two-year coverage, with the maturity date set for 15 October 2025.

The

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