Hannover Rück stock rises after Hannover Re prices cat bond
Published on 10/30/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCat bond expands earthquake protection
- Hannover Re finalized a USD 450 million Acorn Re catastrophe bond for U.S. West Coast earthquake risks.
- The notes cover a three-year parametric reinsurance structure focused on California and neighboring states.
- Hannover Re is scheduled to publish its interim statement for the period ended September 30 on November 9, 2026.
Hannover Re has finalized a USD 450 million catastrophe bond, adding a new capital-markets layer to its protection against U.S. West Coast earthquake risks. Artemis reported the pricing on October 26, 2026, for the Acorn Re Ltd. Series 2026-1 issuance.
Acorn Re will issue a USD 450 million tranche of Class A notes. The proceeds will fully collateralize parametric reinsurance for the Kaiser Permanente captive Oak Tree Assurance and for selected Hannover Re exposures written for cedents. The protection runs for three years and covers per-occurrence earthquake risks across the U.S. West Coast, with California as the main focus.
What changed since the last report
The transaction was initially marketed at USD 200 million, increased first to USD 350 million and then to USD 450 million. Artemis said the notes were priced at a 2.00 percent initial risk spread, while the initial expected loss is 0.78 percent. The spread was at the low end of the original 2.00 percent to 2.25 percent guidance range.
At 4:00 p.m. CET on Friday, October 30, Hannover Rück stock traded at EUR 289.60 on Lang & Schwarz. That was 2.08 percent above the EUR 283.70 quote at 9:40 a.m. CET on Thursday, October 29, in the previous report. This comparison measures the change since that report and is separate from a session comparison.
The real-time quote of Hannover Rück stock provides the latest trading context for investors. The next scheduled company event is Hannover Re's interim statement for the period ended September 30, due on November 9, 2026.
The German equity market remains the broader setting for the shares.
More news and analyses on Hannover Rück stock cover the company's earnings outlook, reinsurance pricing and capital-markets activity.
Hannover Rück key facts
- Company: Hannover Rück SE
- ISIN: DE0008402215
- Lang & Schwarz price: EUR 289.60 at 4:00 p.m. CET on October 30, 2026
- Previous report comparison: Up 2.08 percent from EUR 283.70 at 9:40 a.m. CET on October 29, 2026
- Next scheduled event: Interim statement for the period ended September 30 on November 9, 2026
