Hannover Re prices USD 450 million cat bond as Hannover Rück stock costs EUR 283.70
Published on 10/29/2026 at 09:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCat bond pricing and reporting date
- Artemis reported on October 26, 2026, that Hannover Re secured USD 450 million of reinsurance limit.
- The notes carry an initial expected loss of 0.78 percent for a three-year earthquake protection structure.
- Hannover Rück stock trades at EUR 283.70 at 9:40 a.m. CET at Lang & Schwarz on October 29, 2026, 0.75 percent above the Xetra close of October 28, 2026.
- Hannover Rück is scheduled to publish its quarterly statement for the third quarter on November 9, 2026.
Hannover Re has secured a USD 450 million catastrophe bond for Acorn Re, a material expansion from the USD 200 million target previously reported. Artemis reported the pricing on October 26, 2026, saying the notes secured a 125 percent upsized reinsurance limit.
What changed in the transaction?
The Acorn Re Series 2026-1 Class A notes were first marketed at USD 200 million, then increased to USD 350 million before reaching USD 450 million. The structure provides parametric protection against earthquakes on the U.S. West Coast across a three-year term.
The notes have an initial expected loss of 0.78 percent and were priced with an initial risk interest spread of 2.00 percent. The spread compares with initial guidance of 2.00 percent to 2.25 percent, while the 2025 Acorn Re transaction carried an expected loss of 0.96 percent and a 2.35 percent spread, according to Artemis.
Which date comes next?
Hannover Rück has scheduled its quarterly statement for the third quarter for November 9, 2026. The date appears in the company's preliminary reporting announcement carried by EQS News on October 5, 2026.
Stock remains below the yearly high
At Lang & Schwarz, Hannover Rück stock was trading at EUR 283.70 on October 29, 2026, at 9:40 a.m. CET. That was EUR 2.10, or 0.75 percent, above the Xetra close of October 28, 2026 at EUR 281.60.
The further course of trading is shown by the continuously updated real-time quote of Hannover Rück stock.
Hannover Rück stock facts
- Company: Hannover Rück SE
- ISIN: DE0008402215
- WKN: 840221
- Ticker: HNR1
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 29, 2026, 9:40 a.m. CET): EUR 283.70
- Change versus Xetra close: plus 0.75 percent
- Xetra close (October 28, 2026): EUR 281.60
- Market capitalization: EUR 34.2 billion (as of October 29, 2026)
- Sector / Industry: Financial Services / Reinsurance
- Index membership: DAX
Market context: Market report DAX.
