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Summer floods to drive up reinsurance rates

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Reinsurance

 

German reinsurer Hannover Re SE’s subsidiary E+S Ruckversicherung AG predicts price hikes at the upcoming January reinsurance renewals in Germany following the severe floods of June and July that caused huge catastrophe losses, Artemis reported. E+S Ruckversicherung expects the property and casualty reinsurance line to see the largest increases.

 

 

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