Hannover Re placed a new EUR100mn ($108mn) aggregate retrocession cover at the 1 January renewals as it also expanded the size of its K-Cession sidecar.
The reinsurer confirmed to sister publication Trading Risk that it had bought $550mn of retro limit for 2017 through its K-Cession quota share, up from $500mn last year.
The vehicle now provides cover for almost 45 percent of the relevant subject business, up from 40-41 percent in 2016.
As in previous years, the sidecar provides...
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