Hannover Re has facilitated another private catastrophe bond arrangement, as its Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued a $20 million Seaside Re (Series 2026-71) transaction that is exposed to US property catastrophe risks and will provide reinsurance or retrocession for an unknown sponsor.
Hannover Re continues to play an increasingly important facilitation role in the insurance-linked securities (ILS) marketplace, with private cat bonds just one way it helps clients access capacity from the capital markets and investors to access securitized sources of typically catastrophe reinsurance risks.
In 2025, we analysed and tracked almost $127.6 million of issuance from Hannover Re’s Kaith Re Ltd. vehicle, $103 million from Seaside Re issues and $24.5 million from LI Re private cat bonds.
FULL ORIGINAL PUBLICATION HERE