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Hannover Re S.E. chief executive Ulrich Wallin has said that the reinsurer has received regulatory approval to use its internal solvency model under the Solvency II rules, reported Reuters.
Hannover Re's internal model showed capital at 265% of the amount required to meet regulatory requirements, said Mr. Wallin. Hannover Re aims to maintain its capital well above 200%, added Mr. Wallin.