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Envelop Underwriting will bring all the firm’s underwriting into one framework. -
Hannover Re’s CEO said the market had been disciplined.
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The reinsurer’s large losses tallied up to EUR1.3bn for the nine-month period to 30 September.
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He succeeds Christian Hermelingmeier, who is set to become Hannover Re’s new CFO.
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The outgoing CEO will leave the company at the end of March 2025.
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Their new guide sets out the factors (re)insurers should consider when defining a major cyber event.
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The carrier’s retail division saw the largest growth at 4.7%.
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The carrier increased insurance revenue by 16.8% to $1.3bn year on year.
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The broker said the casualty segment is approaching an “inflexion point”.
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The QIC-owned carrier has completed extensive remediation in the past two years.
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She will succeed Dirk Höring, who has been promoted to the HDI Global SE executive board.
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The estimate implies a roughly $15bn homeowners’ industry loss from the hurricane.
