Irrespective of lower claims experience over the last year in natural catastrophe reinsurance business, Hannover Re’s German subsidiary E+S Rückversicherung AG has said that it expects demand for property catastrophe reinsurance will continue to rise, while insurance-linked securities (ILS) business is also seen as an area of opportunity for the group.
Hannover Re’s German subsidiary times its commentary with this year’s Baden-Baden reinsurance meetings in the country, and highlights that while demand for high-quality reinsurance protection has continued to grow the company believes its remains crucial that “prices as well as terms and conditions adequately reflect the risks.”
“Our clients know: We are always at their side as a reliable and consistent partner – even when the market environment is challenging,” explained Thorsten Steinmann, Chief Executive Officer of E+S Rück. “Our strong and enduring business relationships coupled with our robust capital base will enable us to generate further profitable growth – together with our clients. Thanks to our business model as a pure-play reinsurer, we offer the entire spectrum of reinsurance coverage and are keen to explore innovative reinsurance concepts, including for example structured solutions for capital management.”
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