Hannover Re has ceded EUR390mn of large losses to retro partners

The reinsurer confirmed its intention to reduce the K-Cession sidecar for 2025.

By Liz Bury

November 11, 2024

Hannover Re ceded EUR390mn ($415mn) of losses to retro partners in the nine months to 30 September, or 23% of its gross loss tally of EUR1.7bn

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Topics

Catastrophe losses News Hannover Re Retrocession Sidecars ILS managers