Parametrix places $35m cloud outage cat bond for Hannover Re
Parametrix, a provider of cloud monitoring, modeling and insurance services, has issued its third and largest cloud outage catastrophe bond, Cumulus Re III, attracting more investors than its predecessor and providing sponsor Hannover Re with $35 million in retrocession protection in 2026-27. The parametric bond, which our sister publication Artemis first reported on March 9,…