Hannover Re reserves nearly $240 million for COVID-19 claims
Posted On: May. 7, 2020 6:13 AM CST
Germany-based reinsurer Hannover Re SE has set aside €220 million ($238 million) in reserves for potential claims related to the COVID-19 pandemic, Artemis reported. The reinsurer's premiums increased more than 9% to €7 billion in the first quarter compared to the same period in 2019.