At the Hannover Re investor day this week Executive Board Member Silke Sehm explained that the establishment of Hannover Re Capital Partners unit is seen as a new sidecar business opportunity, that will help the reinsurance firm write more property catastrophe risk and earn additional fee income.
We reported on the coming launch of Hannover Re Capital Partners (HCP) back in August, explaining that it marks the reinsurance firms first venture into the ILS investment management arena.
At the Monte Carlo Rendez-Vous in September, Sehm had also explained that the reinsurer was already having positive conversations with investors about the new venture, while Hannover Re Capital Partners (HCP) is viewed as a complement to its traditional business and its already expansive offerings in the insurance-linked securities (ILS) space.
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