Hannover Re says no big credit cover disasters yet
Hannover Re’s managing director for global credit, surety and political risk, Jan Mueller and said the firm has not had any big credit insurance losses so far, Dow Jones reports.
Hannover Re one of the four largest global reinsurers.
The reinsurer expects a slow improvement of the global economy, but no quick recovery. This will contribute to keep demand for both both credit insurance and reinsurance high and maintain rates that market participants can demand from their customers at a high level or lift them further.
Iinsurers and reinsurers will keep tight limits on the volume they provide in credit insurance worldwide, which will contribute to improving the segment's prices and other conditions, Mueller said.
