Germany - Big four cedants boost reinsurance growth
Friday, 03 24 2017, Category: Insurance and Reinsurance, Country: Germany
The four largest cedants in Germany are boosting reinsurance demand in the country as they take advantage of soft market conditions, according to AM Best’s analysis of the 20 largest cedants.
Based on the last full-year data available, Germany’s 20 largest cedants collectively posted a 13.1 percent increase in non-life reinsurance ceded, while at the same time gross premiums written (GPW) rose by a more modest 6.7 percent.
The increase in reinsurance and retrocession buying has been primarily driven by the four largest cedants.
Source: Intelligent Insurer