Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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Hannover cedes EUR662mn of 2017 cat losses

13 March 2018

Hannover Re ceded 37 percent of its 2017 catastrophe losses to retro partners, passing on EUR662.6mn ($537.4mn) of claims throughout the year.

Fourth quarter losses included the December California wildfires, which cost the carrier EUR27.7mn on a gross basis, or EUR19.2mn on a net basis after EUR8.5mn of claims were ceded to retrocessionaires.

The October wildfires cost the carrier EUR212.6mn on a gross basis, or EUR81.9mn on a net basis after EUR130.7mn were ceded to retrocessionaires.

After last year's hurricanes,...

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