Hannover Re ceded EUR1.4bn of large losses in 2021
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Hannover Re ceded EUR1.4bn of large losses in 2021

Liz Bury
10 March 2022
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Hannover Re ceded EUR1,399mn ($1,540mn) of large losses to retro partners in 2021, a rise of 162.0% on EUR 532mn in 2020.

The firm gained “significant relief from its retro programme", it said, as its large-loss budget of EUR1,100mn for the year was overtopped by EUR 150mn ($166mn), with large losses hitting EUR1,250mn.

Hannover

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