Hannover Re gave its report on the January 2021 reinsurance renewals today, citing around 10% price improvement across U.S. natural catastrophe reinsurance business, while across its book renewed business was subject to price increases of 5.5% and premium volumes rose by 8.5%.
Hannover Re’s CEO Jean-Jacques Henchoz reports a “thoroughly satisfactory round of treaty renewals” at January 2021.
“The pricing momentum of the past year held up in the 1 January renewals. The sustained trend reversal in prices continues,” Henchoz explained.
