Hannover Re Sells Cat Bond

30 Jul 2009

Hannover Re has sold a €150 million ($210.99 million) catastrophe bond that provides cover against severe windstorm events.

Hannover Re has sold a €150 million ($210.99 million) catastrophe bond that provides cover against severe windstorm events. Eurus II covers the period of July 30, 2009 to March 31, 2012, and seven European countries: Belgium, Denmark, Germany, France, the U.K., Ireland and the Netherlands. The new issuance ...

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