Hannover Re K sidecar cut by 26%
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Hannover Re K sidecar cut by 26%

Rachel Dalton, 
Fiona Robertson
03 February 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
hannover_re_bermuda_logo_2021.png

Hannover Re will have 26% less retro cover from its K quota share sidecar for 2022, as its excess-of-loss retro programme shrank by a similar margin.

This year it will have $450mn of cover from the K-Cession deal, versus $610mn in 2011.

Its whole account XoL fell from EUR337mn ($456mn) to EUR265mn and the aggregate XoL almost halved from EUR225mn to EUR113mn.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsRetrocessionHannover ReSidecars
rachel dalton/rachel dalton ii ils.png
Rachel Dalton
Lead Reporter
Contact
fiona robertson/fiona robertson ii ils.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article