Hannover Re Cloning Capital Market Efforts.

From: National Underwriter Life & Health-Financial ServicesEdition | Date: October 19, 1998| Author: HOWARD, LISA S. | Copyright information

Hannover Re is continuing to develop innovative retrocessional arrangements with the capital markets to help the company fund new life business opportunities.

"We are looking toward developing a transaction, which would cover old business from mature insurance markets all over the world," according to Wolf Becke, executive director of Hannover Re's life division.

While the size of the facility--called L2--hasn't yet been determined, Mr. Becke said Hannover Re...

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