Investment - Articles - Hannover Re completes new ILS transactions


Hannover Re has completed two new transactions as part of its insurance-linked securities (ILS) activities. The company has transferred storm risks for the US-based Massachusetts Property Insurance Underwriting Association (MPIUA) and Texas Windstorm Insurance Association (TWIA) to the capital markets.

 The amount of capital made available by institutional investors is USD 300 million in the case of MPIUA and USD 700 million for TWIA; this is the largest catastrophe bond issued to date in 2015. GC Securities, a division of MMC Securities Corp., served as sole structurer and bookrunner.

 "We are delighted that in coordination with our partners we have again successfully transferred insurance risks to the capital markets; this underscores Hannover Re's long-standing expertise in the field of alternative risk transfer. In so doing, we are able to support our clients while at the same time generating low-risk and stable margins for our company", Chief Executive Officer Ulrich Wallin noted. Hannover Re had already transferred storm risks to the capital markets for TWIA in the previous year.

 Since the placement of the world's first risk securitisation by Hannover Re in 1994 the company has realised numerous innovative transactions in both property & casualty and life & health reinsurance.

Back to Index


Similar News to this Story

Rising number concerned about intergenerational planning
Research from HSBC Life (UK) for its new report, The Three I’s of Investable Capital 2025, reveals 80% of clients are now concerned about intergenerat
Homeowners with GBP300k mortgage doubles in last 7 years
In London, that proportion has grown from 17% to 28% over the same period. Over a fifth (22%) of those with the opportunity to move or buy mortgage pr
Royal London complete BPA transaction with London Waste
The £22 million transaction covers around 200 members. The trustees were advised by Hymans Robertson and Squire Patton Boggs. This is Royal London’s t

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.