Global reinsurance firm Hannover Re is bringing the seventh catastrophe bond offering in the annual parametric US earthquake risk series of deals, with an initial $200 million target for an Acorn Re Ltd. (Series 2026-1) issuance, Artemis has learned.
As seen with all six of the previous Acorn Re parametric catastrophe bonds, this new seventh issuance from the special purpose insurer is being brought to market by Hannover Re, acting as the ceding reinsurance company, sitting in front of and providing protection to a single named ceding insurer, Oak Tree Assurance Ltd. while also sourcing additional protection to cover other reinsurance deals it has entered into in the subject area.
Acorn Re parametric earthquake cat bonds have now come to market four years in a row, as this deal becomes a regular and annual feature of this time of year. Read about all seven in our catastrophe bond Deal Directory here.
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