Hannover Re places parametric cyber bond Cumulus Re
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Hannover Re places parametric cyber bond Cumulus Re

The reinsurer said it hopes to grow the size of the $13.75mn deal over time.

By Jai Singh
April 15, 2024
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Hannover Re has raised $13.75mn in cyber cat bond coverage for its own cyber portfolio, through cat bond lite Cumulus Re, issued by its Bermuda ILS vehicle Kaith Re.

The

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