Hannover Re booked gross large losses of EUR651mn ($698mn) in H1, of which EUR85mn ($91mn), or 13%, was ceded to retro partners.
Ceded
Hannover Re cedes $85mn of large losses in H1
The losses were not passed through to the firm’s ILS business.
Hannover Re booked gross large losses of EUR651mn ($698mn) in H1, of which EUR85mn ($91mn), or 13%, was ceded to retro partners.
Ceded