Hannover Re’s 2020 major loss budget, which it increased today by EUR100mn ($110.8mn) to EUR975mn, was reflective of planned premium growth rather than an expectation it will incur proportionately more losses, the carrier’s executives said.
Hannover Re’s 2020 major loss budget, which it increased today by EUR100mn ($110.8mn) to EUR975mn, was reflective of planned premium growth rather than an expectation it will incur proportionately more losses, the carrier’s executives said.