E+S Rückversicherung AG – the Hannover Re subsidiary responsible for the Group’s German business – expects rising prices and improved conditions overall for the coming year in property and casualty reinsurance on the German market. Demand for reinsurance coverage from financially robust providers will continue to grow against the backdrop of the Covid-19 pandemic.

“Along with the direct impacts of the pandemic, the renewed decline in interest rates is taking a toll on insurance industry profits. Price increases at primary insurers are therefore absolutely essential and adjustments are also needed on the reinsurance side,” noted Dr. Michael Pickel, Chief Executive Officer of E+S Rück. “During the Covid-19 pandemic, as always, we are a reliable partner at our customers’ side and we help them to shoulder the associated challenges. This includes not only providing traditional reinsurance but also assisting with claims management, offering tailored solutions for solvency relief and jointly developing new coverage concepts.”

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