While the retrocession strategies of Europe’s Big Four reinsurance companies may differ, the still relatively new retro option of sponsoring cyber catastrophe bonds may prove to be an area of commonality between them.
It is AM Best that highlights the differences between the retrocession strategies of the four major European reinsurance giants, Hannover Re, Munich Re, SCOR and Swiss Re.
The rating agency noted that Munich Re continues to be the reinsurer that uses the least retrocession, which is something the company has always been known for.
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