Dresdner Kleinwort Wasserstein (DrKW) has acted as sole bookrunner of a €219m ($257m) accelerated sale from Hannover Re, the German insurer, boosting the bank's league table ranking as it rebuilds its equity capital markets business.

The bank combined its debt and equity capital markets businesses last year to form a unified capital markets origination group, led by Joe Dryer, who was previously global head of debt origination. Dryer restructured the team and hired John St John as global head of ECM.