Hannover Re passes retro renewal test
After a tough year for its retrocessionaires, Hannover Re has renewed its protection for 2012, albeit on stricter terms than last year.
The firm bought $350mn of quota share cover under its K cession - up from $329mn in 2011 - and renewed its whole account excess of loss (WA XoL) programme on more penal terms.
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Speaking to sister title Trading
Risk this month, Hannover Re's director of group
protections, Trevor Bolt, said that the firm increased...
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