Hannover Re strives for rate stability on loss-free business

Hannover Re said it would target loss-stricken business for
payback from Q3 catastrophe losses, and strive for stable rates on
loss-free reinsurance lines and geographies.
The firm's expectations diverge from German rival Munich Re,
where executives in Baden-Baden predicted 1 January rate rises
would spread beyond North American catastrophe business as they
suggested that reinsurance pricing would be globally
correlated.
But speaking to this publication at the Baden-Baden Reinsurance
Meeting, Ha