Hannover Re’s Bermuda-based Kaith Re Ltd. has introduced a new private catastrophe bond totaling $14.94 million as part of its Seaside Re program, aimed at addressing U.S. property catastrophe risks for an undisclosed sponsor. This is the ninth issuance under the Seaside Re initiative this year, featuring a maturity date of July 15, 2027, likely corresponding with mid-year reinsurance renewals. The issuance, designed to support collateral requirements, reflects Hannover Re’s commitment to leveraging private catastrophe bonds for capital market access and investor participation in securitized reinsurance. In 2026 alone, nearly $110 million has been raised through similar bonds. For more insights, visit the original article. Source and details of the news