Hannover Re has continued to share a reduced proportion of its large natural catastrophe losses with insurance-linked securities (ILS) capital sources through the first nine months of this year, with just €18 million shared up to the end of September.
Recall that, in full-year 2022, Hannover Re had shared more than one billion Euros of large natural catastrophe and man-made losses with insurance-linked securities (ILS) investors.
The figure fell by a significant 94% in 2023, with just €62 million of large loss experience shared with sources of insurance-linked securities (ILS) capital.
Now, the amount of losses shared has continued to be low in 2024, despite a reasonably elevated level of natural catastrophe losses around the globe.
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