Hannover Re increases outwards protection at 1.1

Hannover Re increased its retro cover at 1 January with expanded
use of its sidecar and a new retro cat cover, management said on a
conference call today.
CEO Ulrich Wallin and Jürgen Gräber, the executive
board member who oversees P&C, said about 45 percent of its
business was now protected by its K-Cessions retrocession sidecar,
up from about 40 or 41 percent a year ago.
For the first time since 2011 Hannover Re had availed itself of
a EUR100mn...