Hannover Re major loss transfers rise 160% in 9M 2021
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Hannover Re major loss transfers rise 160% in 9M 2021

Liz Bury
04 November 2021
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Hannover Re has ceded more than twice the level of large catastrophe losses to reinsurance and retro partners in the first nine months of 2021 as it did in 2020, as it retained only around a third of its Bernd flood claims on a net basis.

It has ceded EUR785mn of large losses to partners in the year to date period, versus EUR301mn for the same period last year.

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