The parametric cyber cat bond was renewed 45% larger at $20m, compared to the prior year
Hannover Re renews Cumulus cloud outage cat bond | | | Hannover Re renews Cumulus Re parametric cloud outage cat bond at larger $20m  Hannover Re has successfully sponsored a renewal of its landmark parametric cloud outage catastrophe bond, securing $20 million in retrocessional cyber reinsurance protection covering cloud outage events from a new Cumulus Re (Series 2025-1) issuance, with the support of Parametrix. As with the first transaction, this new Cumulus Re 2025-1 cloud outage catastrophe bond features a parametric trigger, which is based on the outages of major US cloud provider regions and designed by specialist risk analytics provider Parametrix. Parametrix also acts as the ongoing calculation agent for the deal, monitoring for and reporting on the occurrence of cloud outage events. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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