E+S Rück forecasts across-the-board rate hikes for German reinsurance market
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E+S Rück forecasts across-the-board rate hikes for German reinsurance market

Catrin Shi
18 October 2021
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Germany Floods.jpg

Reinsurance prices in Germany are set to rise – particularly for catastrophe covers – following the devastating flooding in the country over the summer, according to Hannover Re’s German subsidiary E+S Rückversicherung.

The year 2021 will go down as one of the costliest years on record for the German (re)insurance market after storm Bernd caused unprecedented rainfall and widespread flooding across central Europe in the summer.

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