Hannover Re ‘well positioned’ to gain from hard market

According to U.S.-based J.P. Morgan Chase & Co. and Goldman Sachs Group Inc., German reinsurer Hannover Re SE is “well positioned” to benefit from the reinsurance pricing hikes in 2023 due to its conservative underwriting and investment portfolio, Reinsurance News reported. According to the analysts, Hannover Re has better capital buffers to take advantage of hard property catastrophe reinsurance market, which is expected to continue over the next two years fueled by high inflation, demographic uncertainties and climate change.