Hannover Re’s Althoff: Expanded retro cover provides dry powder for 2023
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Hannover Re’s Althoff: Expanded retro cover provides dry powder for 2023

Rachel Dalton
08 February 2023
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Hannover Re’s additional retro capacity secured at 1 January will provide the carrier with “dry powder” to deploy throughout 2023, according to board member Sven Althoff.

In its 1 January renewals report published this morning, Hannover Re revealed that it has expanded its nat-cat retrocession cover from EUR860mn ($924mn) to EUR1.34bn

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RetrocessionHannover ReNews
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Rachel Dalton
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