Longevity reinsurance market more competitive: Hannover Re

The reinsurance market worldwide is becoming more and more drawn to longevity risks, bringing about greater competition for each longevity reinsurance transaction, reported Artemis.bm.

The "market has become a little bit more competitive because most of the reinsurers are competing for that business now," Hannover Re S.E. CEO Ulrich Wallin said.

"We take a rather conservative stance, looking for the right deals and not for the volume," added Mr. Wallin.

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