Hannover’s Pickel: Bernd-hit German cat programmes face double-digit increases
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Hannover’s Pickel: Bernd-hit German cat programmes face double-digit increases

Rachel Dalton
18 October 2021
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TOPSHOT-GERMANY-EUROPE-WEATHER-FLOODS

Reinsurers are targeting double-digit rate increases on German cat programmes booking losses from Bernd flooding, according to Hannover Re.

Michael Pickel, CEO of the carrier’s German subsidiary E+S Rückversicherung, said: “Every reinsurance buyer has underestimated the magnitude of this loss.”

The

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NewsMajor lossesHannover Re
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