Hannover Re grows treaty book

German reinsurer Hannover Re this morning announced that it has grown its treaty book by six percent.

Of the €3,477 million non-life reinsurance up for renewal on January 1st, the company renewed €3,130 million, and including modified and new treaties, the total renewed premium, excluding facultative business and structured reinsurance, came to €3,693 million.

The company’s CEO Ulrich Wallin said that Hannover Re had achieved better conditions and rates on average than in the previous year.

“In segments impacted by natural catastrophes the price increases were, as anticipated, particularly marked,” he said.