Retrocessions
Hannover Re normally writes business on a gross for net basis. Therefore, the only business ceded to third parties is that which we need to cede to reduce the effect of either natural catastrophes or large man-made events on our balance sheet and ultimately, our capital. This in turn helps to keep our rating at an acceptable level for the business we want to write.
Our choice of partner is an extremely important point and we go to great length to ensure a distribution of risk into the market at fair prices and excellent security.
Please find our teams and their responsibilities by clicking on "Group Protections" in the right-hand column.
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