Kaith Re Ltd., the transformer vehicle owned by global reinsurance firm Hannover Re, has issued seven series of private catastrophe bond notes, all Seaside Re (Series 2025), for a total of $84 million of notes sold to investors.
Hannover Re remains a key facilitator to ILS market participants and its clients, through the matching of reinsurance risks to capital markets and insurance-linked securities (ILS) investors in a more efficient manner and its Class 3 Bermuda-based insurer and segregated accounts vehicle Kaith Re Ltd. has issued many of the private cat bonds we’ve tracked over the years.
In 2023, Hannover Re facilitated the issuance of $49 million of notes across four Seaside Re private cat bond issues and one $15 million issuance under the LI Re account of Kaith Re.
FULL ORIGINAL PUBLICATION HERE
