Collateralised reinsurance
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The facility will initially focus on US, Bermudian and European business. -
Hannover Re Capital Partners is in talks with two investors for 1 January launch.
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The ratings agency warned negative PYD on US casualty will likely continue.
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The programme’s total limit this year is down $594mn to $1.36bn.
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The documents figure in a potential criminal case against a CCB employee.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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In line with Milton’s moderate forecast loss, the ILS market reaction will be less influential in post-event dynamics.
