Global reinsurance firm Hannover Re has returned to the catastrophe bond market in search of a collateralized source of worldwide peak peril annual aggregate and industry loss based retrocessional reinsurance protection, with a $100 million or greater 3264 Re Ltd. (Series 2022-1) cat bond deal.
While this is a Series 2022-1 catastrophe bond transaction, the first we’ve got listed in our extensive Deal Directory, the issuance is scheduled to settle this year, but the notes come on-risk from early 2022.
This is the second catastrophe bond from Hannover Re’s Bermuda special purpose insurance vehicle 3264 Re Ltd.
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