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International

Reinsurance sector unlikely to see January hardening: Hannover Re

November 28, 2016 Reprints

German reinsurer Hannover Re S.E. has said that the reinsurance sector could struggle to remain flat at the January 2017 renewals, as the softening market cycle continues to dampen returns prospects for reinsurers, Artemis.bm reports. Despite the soft pricing, “reported industry return on equity is likely to remain good in 2016 as a result of modest catastrophe loss experience and strong reserving levels," said banking firm Joh. Berenberg, Gossler & Co. K.G., which has worked with Hannover Re.

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Reinsurance sector unlikely to see January hardening: Hannover Re

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