9 September 2014 News

Hannover Re places €500m bond

Hannover Re has raised €500 million in the capital markets through a subordinated bond.

The issue, which was placed predominantly with institutional investors in Europe, has a perpetual maturity with a first scheduled call option for Hannover Re after approximately ten years.

Hannover Re now has four hybrid bonds outstanding on the capital market.

Ulrich Wallin, chief executive officer of Hannover Re, said: "The new bond enables Hannover Re to take advantage of the low level of interest rates and to optimise the maturity profile of the outstanding hybrid capital.”


More on this story

Insurance
16 November 2023   The fine print in 2023 renewals put 9M cat losses below budget for all four major players.
Insurance
10 November 2023   It said it is on track to achieve its full-year targets.
Insurance
6 November 2023   Hannover Re will be seeking incremental improvements to its North American book.

More on this story

Insurance
16 November 2023   The fine print in 2023 renewals put 9M cat losses below budget for all four major players.
Insurance
10 November 2023   It said it is on track to achieve its full-year targets.
Insurance
6 November 2023   Hannover Re will be seeking incremental improvements to its North American book.

Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom