The German reinsurer, Hannover Re, has pooled up its facultative risks into an entity endowed with a capacity of 60 million USD (Fac Re Pool). The move is not designed to cover the reinsurer's portfolio but to provide direct protection to its clients. Hannover Re shall retain 5 million USD per claim.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fhannover-re-has-set-up-a-pool-of-facultative-risks&text=Hannover+Re+has+set+up+a+pool+of+facultative+risks
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fhannover-re-has-set-up-a-pool-of-facultative-risks&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/lobbying-the-reinsurance-g10