Hannover Re shrinks K-Cessions to $757m, but could have placed more: Ludolphs
7th February 2024Hannover Re placed its K-Cessions quota share sidecar at US $757 million in size for 2024, shrinking the structure by 9% over the prior year. In an interview, Henning Ludolphs explained that despite some changes, the company has sufficient retrocession to take advantage of the hard reinsurance market environment this year.
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