Hannover Re cedes EUR56mn of large losses in Q1
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Hannover Re cedes EUR56mn of large losses in Q1

Liz Bury
04 May 2022
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Hannover Re logo Hanover Germany.jpg

Hannover Re ceded EUR56mn ($59mn) of large losses to its retro partners in Q1, down by 6.7% compared with EUR60mn in the prior-year quarter.

Net large losses amounted to EUR336mn, including EUR186mn from the Australia floods, EUR124mn from Storm Ylenia in Europe and a loss on the cargo ship Felicity Ace that sunk following a fire of EUR14mn.

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