Parametrix supports Hannover Re’s renewal of $20m Cumulus Re cloud outage cat bond

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Reinsurance News - Mar 26, 2025

Hannover Re, one of Europe’s big four reinsurers, with the support of Parametrix, has secured $20 million of retrocessional protection for losses caused by a sustained cloud outage event, with this second catastrophe bond transaction 45% larger than the inaugural deal. Cumulus Re II, or Cumulu...

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