It is “pretty certain” that the Aug. 4 explosion the Lebanese capital of Beirut will be “a major loss” for Hannover Rück SE, according to the reinsurer’s property and casualty head, Sven Althoff. Hannover Re classifies major losses as those that generate claims in excess of €10 million, gross of retrocession. Althoff added that it… Continue reading Beirut Explosion Likely to Be A Major Loss for Hannover Re, Exec Says
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