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Hannover Re has set up a pool of facultative risks

February 17, 2011
Germany

The German reinsurer, Hannover Re, has pooled up its facultative risks into an entity endowed with a capacity of 60 million USD (Fac Re Pool). The move is not designed to cover the reinsurer's portfolio but to provide direct protection to its clients. Hannover Re shall retain 5 million USD per claim.

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