Hannover adds aggregate deal to expanded retro covers

Hannover Re placed a new EUR100mn ($108mn) aggregate
retrocession cover at the 1 January renewals as it also expanded
the size of its K-Cession sidecar.
The reinsurer confirmed to sister publication
Trading Risk that it had bought $550mn of
retro limit for 2017 through its K-Cession quota share, up from
$500mn last year.
The vehicle now provides cover for almost 45 percent of the
relevant subject business, up from 40-41 percent in 2016.
As in previous years, the sidecar provides...