Insurance-linked securities (ILS)
At Hannover Re, we enable the transfer of life & health and property & casualty risks to capital markets through tailored solutions – including catastrophe bonds, collateralised reinsurance, and other innovative structures. Acting as facilitator, we support ILS investors to take advantage of the reinsurance markets and help our reinsurance clients to access alternative risk capital to enhance capacity and strengthen financial resilience.
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With deep expertise across reinsurance, capital markets, and actuarial science, our dedicated team delivers seamless execution and long-term value.
Innovative structures for risk transfer and investment
Connecting insurance risk with capital markets
Transferring (re)insurance risks to the capital markets requires expertise and precision. At Hannover Re, we help companies seeking to transfer property & casualty risks through instruments such as catastrophe bonds. Our solutions for catastrophe bond transformation help clients to benefit from enhanced capacity, reduced credit risk, and broader diversification of their reinsurance panels.
Hannover Re facilitates access to insurance-linked risks for ILS fund managers through collateralised reinsurance structures. As a trusted intermediary, Hannover Re structures retrocession agreements that simplify collateral arrangements and offer flexible investment concepts, including options with leverage. These solutions are designed to combine simplicity, strategic alignment, and operational efficiency.
Strategically aligned investments into catastrophe bonds
Hannover Re is the anchor investor in Leine Investment, a Luxembourg-based catastrophe bond fund.
Leine Investment is open to third-party investors, enabling alignment with Hannover Re’s ILS investment positions in a professionally managed environment.
Expanding into life & health risk transfer
Our services extend to the transfer of life & health risks to capital markets. We focus on extreme mortality risk and facilitate structures for funding solutions. We guide our clients through the entire process – from structuring to execution – ensuring transparency and reliability at every step.
"We aim to create meaningful connections between reinsurance and capital markets – always with the goal of delivering value through our partnership approach and longstanding experience."
Creating value through long-term partnerships
Long-term partnerships and solution-oriented execution are at the core of Hannover Re’s ILS activities. With a strong focus on client needs, the team combines deep market knowledge with problem-solving capabilities to ensure smooth and reliable transaction processes. The collaborative partnership approach fosters trust and enables the development of tailored structures that create value for all parties involved.
An interdisciplinary team bridging two worlds
Hannover Re's ILS team brings together specialists with backgrounds in capital markets, reinsurance, and actuarial science. This interdisciplinary setup ensures a holistic approach to structuring and executing transactions that connect insurance risks with capital market solutions.
The team’s expertise spans the full spectrum of risk transfer – from technical modelling and legal structuring to investor relations and transaction management. This enables Hannover Re to offer comprehensive support across all phases of ILS transactions, whether for life & health or property & casualty risks.
Joining the team
Curiosity, flexibility, and a keen interest in the interface between reinsurance and capital markets are valuable qualities for joining the team. A background in actuarial science, economics or law is particularly relevant, and those who enjoy working collaboratively in a global environment and approaching complex challenges with a solution-oriented mindset will find a dynamic and rewarding setting.