Hannover Re
-
Hannover Re has followed Zurich and Munich Re in announcing its departure from the Net Zero Insurance Alliance, though it offered no explanation for its decision. -
The release of Swiss Re, Munich Re, Hannover Re and Scor’s year-end reports provides an update on market conditions.
-
The P&C Re segment recorded large losses above expectations for the sixth consecutive year in 2022.
-
The carrier has increased its retro capacity by 56% to EUR1.34bn.
-
The carrier said it achieved average risk-adjusted price increases of 30% on cat business.
-
Analysts expressed surprise at the “underwhelming” profit and RoE projections.
-
The carrier said GWP was up 12.7% to EUR33.3bn.
-
In a brief update, the (re)insurer said reinsurance revenue is expected to grow by at least 5% at constant exchange rates.
-
Exclusions and coverage changes absolutely make sense as a goal, but some wordings have thrown up additional risks.
-
The transaction is the first proportional deal for cyber risk in the capital markets.
-
Cedants are grappling with rising rates while coverage narrows.
-
Carriers reassured analysts that unrealised investment losses will not seriously affect solvency while sounding a bullish note on renewals.
Most Recent
-
Conduit under pressure from activist investor Bernstein
22 August 2025 -
Willis Gemini facility supported by QBE and Axis
22 August 2025 -
Daily Digest: Top news from 22 August
22 August 2025