Germany-based Hannover Re SE said that ceded exposure limit of the underlying retrocession agreements for collateralized reinsurance deals it facilitated reached €6.3 billion ($6.8 billion) in 2023, up from €6.2 billion in the year prior, Artemis reports. It also had a record year in its catastrophe bond fronting operations, with some $2.8 billion in cat bond deals placed that it had a hand in facilitating for clients.
