E+S Rück expects further price increases and improved conditions

Discussions at last year’s Baden-Baden meeting got caught up by the imminent volatility and dislocation around property-cat capacity that characterised the 1/1 2023 renewal. This year, Michael Pickel (pictured), chief executive officer of E+S Rück, the Hannover Re subsidiary responsible for the reinsurer’s German operations, has unfinished business.