Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Hannover Re shelves Kepler renewal; K6 struggling

15 January 2009

Hannover Re has postponed the renewal of its $200mn Kepler Re sidecar-style vehicle and is only "about 50 percent" placed on its slimmed-down Kaith Re K6 sidecar, as the credit crunch continues to strangle the sidecar market.

As reported by Trading Risk in November, Hannover Re was marketing the renewal of the two vehicles - which expired on 31 December 2008 - for the 2009 year, but a spokesman confirmed today (15 January) that the placement of Kepler had been...

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