Hannover Re says 3% gross Covid loss creep covered by retro
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Hannover Re says 3% gross Covid loss creep covered by retro

Rachel Dalton
05 May 2021
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Hannover Re board member Sven Althoff said the carrier’s gross Covid-19 losses had increased by around 3% during Q1, but that these claims fell under its property retro protection.

The increase was mainly due to newly advised property BI losses from cedants, he added.

Last year, the carrier said that its K quota share sidecar would pick up an increasing share of Covid losses over time, although only from...

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Topics

NewsResultsHannover ReRetrocessionBusiness interruption
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