New cat bonds lift Hannover Re fronted limit

Hannover Re said that it had written an additional $2.5bn of
limit in fronted business in recent years, after completing $960mn
of cat bonds this year for three organisations.
This included two repeat transactions for regional US wind
insurers and a new deal for American Integrity Insurance Company of
Florida.
Hannover Re board member Jürgen Gräber said the firm
had substantially enlarged its market share of transformer business
with the placement of additional exposures in recent year