Retro could take up to EUR124m of Hannover Re’s gross hurricane Ian loss
3rd November 2022Hannover Re’s CFO Clemens Jungsthöfel revealed that the reinsurance company is anticipating a gross loss from hurricane Ian of close to EUR 400 million, excluding effects from its ILS fronting business, which suggests as much as EUR 124 million in losses will be shared with retrocessionaires.
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