Hannover Re cuts ceded retro losses 8% to EUR1.3bn
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Hannover Re cuts ceded retro losses 8% to EUR1.3bn


Hannover Re cut the losses it ceded to retro partners by 8% to EUR1.3bn ($1.4bn) in 2022, compared with the EUR1.4bn ceded in 2021.

The reinsurer’s retained large losses grew by 37% to EUR1.7bn for the year, as gross large losses rose 11% to EUR2.9bn.


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