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Stone Ridge backs $100m retro cyber quota share for Hannover Re

Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, including reinsurance and insurance-linked securities (ILS), has provided US $100 million in capital to support an innovative retrocession cyber quota share arrangement for global reinsurance firm Hannover Re.

Hannover Re claims this is the first transfer of cyber risks to the capital markets through a proportional reinsurance arrangement, calling it “another innovative step in Hannover Re’s risk protection strategy.”

The arrangement enables capital markets investors to participate directly in covering Hannover Re’s cyber risks through a quota share cession, with Stone Ridge a long-term partner of the reinsurer and the sole investor in this case.


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