Hannover Re sees no renewals surprises but worries on geopolitical events
Hannover Re is optimistic about the renewal season, anticipating “no surprises, we hope” and discipline in line with this year’s 1/4 and 1/7 renewals. But Sharon Ooi (pictured), an executive board member at the reinsurer, does have some concerns, including geopolitical tensions and their potential impact on Asia.
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11 September 2023 Geopolitical uncertainties, climate change and inflation all feed into the trend of ever-higher loss expenditures, says Sven Althoff of Hannover Re.