Hannover Re retro recoveries drop, but Ian ILS loss yet to be detailed
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement



Hannover Re retro recoveries drop, but Ian ILS loss yet to be detailed

hannover_re_bermuda_logo_2021.png

Hannover Re ceded EUR183mn ($178mn) of large losses to its retro partners in the nine months to end of September, tumbling from EUR785mn in the same period last year.

The group’s cession ratio dropped to 11%, from 42% last time.

Retro recoveries: Hannover Re kept most of its Q3 cat losses net, but noted that the EUR276mn loss reported for Hurricane Ian related only to its own estimated claims,...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article