Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, has said that third-party capital is certainly part of the reinsurer’s strategy, describing it as more than just complementary capacity, whilst also adding that it is creating opportunities for Hannover Re.
Althoff made these remarks during a recent webinar briefing presented by broker Aon that focused on capital and growth in reinsurance and the insurance-linked securities sector.
During the webinar, Althoff was asked whether he sees third-party capital as competition, complementary capacity or an integral part of Hannover Re’s own capital strategy.
Althoff outlined that while third-party capital is a competitor in some respects, Hannover Re sees it as being more of a partner and opportunity to grow its business further.
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