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Hannover Re cites ~10% price rises for US cat reinsurance renewals

February 4, 2021

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.

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