Inflation, high losses to firm up P&C reinsurance market: E+S Ruck

German reinsurer Hannover Re SE’s subsidiary E+S Rückversicherung AG expects significant price hikes and adjustments in property and casualty reinsurance conditions amid inflation and rising claims costs, Reinsurance News reported. E+S Ruck expects considerable increases in prices for catastrophe covers amid growing natural catastrophe risks. It also expects significant adjustments in commercial reinsurance lines, including business interruption.