Hannover Re secures upsized $200m aggregate retro from 3264 Re 2025 cat bond

Hannover Re has now secured its upsized target for $200 million of retrocession covering worldwide peak perils on an annual aggregate basis, from its new 3264 Re Ltd. (Series 2025-1) cat bond transaction, Artemis has learned.

The reinsurance company ventured back to the cat bond market earlier this month, with an initial target to secure $175 million in aggregate retrocessional reinsurance from what will become the fourth in the 3264 Re series of deals.

We then reported in a first update on this cat bond, that Hannover Re’s target had been raised to $200 million for the issuance, while at the same time the price guidance was adjusted for each of the two tranches of notes.

FULL ORIGINAL PUBLICATION HERE

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