Hannover Re secures upsized $140m target for 3264 Re cat bond
Hannover Re, the German global reinsurance company, has now successfully upsized its latest retro catastrophe bond, securing $140 million of retrocessional cover from the 3264 Re Ltd. (Series 2024-1) issuance. Hannover Re came back to the catastrophe bond market earlier this month, initially targeting $100 million of named storm and hurricane retrocessional protection for parts of […]
Puerto Rico gets $282m parametric cover. Says cat bond “opened door” to capital market
The Government of Puerto Rico’s Autoridad de Asesoría Financiera y Agencia Fiscal (Fiscal Agency and Financial Advisory Authority) has secured $282 million of parametric disaster insurance cover, with the recent $85 million Puerto Rico Parametric Re Ltd. (Series 2024-1) catastrophe bond seen as a key component that opens the door to the capital markets. Puerto Rico […]
