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Hannover RE makes room for growing property/casualty reinsurance market

Last week German-based property/casualty reinsurer, Hannover Re, completed its $230 million program, dubbed K3, a structured financing of portfolio-linked securitizations of reinsurance risks for natural disasters throughout Europe, Japan and the U.S.

Since the Sept. 11 attacks, the rise in overall reinsurance rates were largely expected to drive a...

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