In this context, HANNOVER Re has developed a special multi-line combined per risk/per event reinsurance program for the Ukrainian insurance market. "The main advantages of this program are economy, efficiency and flexibility, said Alexandre GUERASSIMENKO.
According to the HANNOVER Re specialist, "2011 can be characterized as a year of record catastrophic losses due to natural disasters, such as the earthquakes in Japan and New Zealand, where insured losses amounted to USD 40 billion and USD 13.5 billion. The total 2011 catastrophic losses covered by insurance amounted to USD 105 billion, exceeding even the 2005 level, as a result of the hurricanes".
HANNOVER Re is active on the Ukrainian market since the middle of 90's and has been maintaining contacts with all the leading players of this market, providing reinsurance services as per all lines of business both on obligatory and facultative basis.