ILS Innovation of the Year

Hannover Re was awarded with the “ILS Innovation of the Year” award as part of the North America Awards 2020 by Reactions. The award recognises the most impactful ILS transaction completed between June 2019 and June 2020.

The award relates to the FloodSmart Re catastrophe bond 2019 which is one out of a series of catastrophe bonds Hannover Re Ireland transformed for the U.S. Federal Emergency Management Agency, a fully US government owned institution, seeking flood reinsurance coverage from the capital markets for its National Flood Insurance Program (NFIP).