Summer floods to drive up reinsurance rates
Posted On: Oct. 19, 2021 9:47 AM CST![Reinsurance](https://bicontent.businessinsurance.com/25ce8751-891c-4bab-b2b0-bf8ad59aef48.jpg)
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.