Hannover Re: P&C re rate increases ‘unavoidable’ in 2022
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Hannover Re: P&C re rate increases ‘unavoidable’ in 2022

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Hannover Re anticipates continued price hikes across P&C reinsurance during 2022, after Hurricane Ida, low-pressure area Bernd, lingering pandemic costs and rising inflation.

The carrier used a virtual Monte Carlo briefing this morning to set out its expectations for the coming renewal season, noting that, although it has secured rate increases at each round of renewals this year, further increases are needed.

In...

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