Hannover Re reports ‘strong Q1’ in ILS fronting
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Hannover Re reports ‘strong Q1’ in ILS fronting

Liz Bury
04 May 2022
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Hannover Re said it had a “strong Q1” in ILS fronting, with growth of 9%, as it fielded analysts’ questions on the retro protections it has in place for losses relating to the Ukraine war.

The firm revealed that its EUR143mn ($151mn) precautionary charge taken in Q1 against potential Ukraine losses excludes aviation.

CEO Jean-Jacques Henchoz said the Ukraine charge did not include an amount for aviation losses owing to lack of clarity in the...

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