Hannover Re ILS business fronts EUR900mn Hurricane Ian loss
Hannover Re’s gross large loss for Hurricane Ian of EUR1.3bn ($1.3bn) included EUR900mn of losses taken through its insurance-linked securities (ILS) fronting operation, the reinsurer’s full-year 2022 report showed.
Hannover Re’s structured reinsurance and ILS division offers a fronting service for cat bonds and other ILS deals for cedants from across the global insurance industry.
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