Hannover Re retained cat losses leap in 2020 as fronting volumes fall
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Hannover Re retained cat losses leap in 2020 as fronting volumes fall

Fiona Robertson
11 March 2021
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Hannover Re transferred fewer major losses to retro partners in 2020, despite its net retained losses leaping to EUR1.6bn ($1.9bn) on Covid losses of EUR950mn.

However, Covid losses made up most of the ceded claims and may rise over time, as nat-cat activity remained moderate.

Catastrophe

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NewsCatastrophe lossesClaims and lossesWeatherHannover Re
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Fiona Robertson
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