Hannover Re ceded EUR128.2mn of large losses to retro partners in H1

10 August 2023

Hannover Re’s P&C business took gross large losses of EUR735.1mn ($806.7mn), of which EUR128.2mn, or 17%, were ceded to retro partners, in the first half of the year.

This was up from EUR120.6mn, or 12% of large losses ceded, in H1 2022.

The EUR607mn of large losses kept net by Hannover Re came within the firm’s first-half budget of EUR751mn.

The

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