Hannover Re to make whole account and sidecar recoveries from Bernd loss
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Hannover Re to make whole account and sidecar recoveries from Bernd loss

Rachel Dalton
04 November 2021
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Hannover Re could claim retrocession recoveries from both its K-Cessions sidecar and its whole account excess-of-loss (XoL) protection for Storm Bernd flooding, the company said today.

On a call to discuss the carrier’s Q3 results, board member for P&C re Sven Althoff noted that there was a “relatively high” difference between Hannover Re’s gross Bernd loss, at EUR643mn ($742.7mn)

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