All Hannover Re articles – Page 3
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NewsAon-Willis deal “gives less choices”: Hannover Re CEO
Hannover Re CEO Jean-Jacques Henchoz said the proposed giant combination of Aon and Willis will lead to less choices but also has the potential to grow demand for the (re)insurance product.
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Hannover Re reveals Eur200mn coronavirus exposure
Hannover Re has estimated it has Eur200mn ($225mn) of exposure to potential losses resulting from coronavirus, joining its fellow European reinsurance heavyweights in discussing how the industry could be impacted.
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Hannover Re P&C posts FY CR 98.2% as nat cats and Thomas Cook collapse bite
German reinsurance giant Hannover Re has reported a 2019 combined ratio of 98.2 percent, a deterioration of 1.7 points on the previous year as the carrier’s loss bill climbed to Eur956.1mn ($1.08bn).
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News
HDI invests in SME cybersecurity start-up Enginsight
HDI Group has taken a stake in cybersecurity start-up Enginsight, which focuses on automated protection against hacking, for an undisclosed sum.
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News
KBW highlights “change in sentiment” for Hannover Re over Lloyd’s
Keefe, Bruyette Woods (KBW) analyst Darius Satkauskas has highlighted Hannover Re’s significant increase in support for its Lloyd’s platform, following a trading statement this morning which revealed that premium volume from business in the United Kingdom, Ireland and the London Market grew by 22.1 percent at recent 1.1 ...
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News
Hannover Re sees pricing climb 2.3% at renewal; confirms FY19/20 guidance
German reinsurance giant Hannover Re grew its premium volume in property and casualty reinsurance by 14 percent, adjusted for exchange rate effects, in the treaty renewals at 1 January 2020.
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Analysis
Swiss Re faces $1.3bn in losses from Japanese typhoons and Chilean riots
Swiss Re faces a combined $1.3bn loss from 2019’s Japanese typhoons and the Chilean riots, according to equity analyst Jefferies, which has warned over the reinsurer’s continued “outsized exposure” to the most cat-exposed regions.
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HDI Global Specialty targets Eur2.1bn GWP by 2024
Hannover-headquartered HDI Global Specialty has set its sights on generating Eur2.1bn of gross written premium by its fifth full year of trading, with the business aiming to take advantage of the disruption within the London Market and seeking further European expansion.
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Global Parametrics and Hannover Re launch impact fund
Parametric and index-based risk transfer firm Global Parametrics (GP) has launched a new natural catastrophe focused investment fund with backing from Hannover Re and the German government.
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Talanx Q3 profit soars as turnaround programme gathers pace
Talanx Group – which includes HDI Specialty and Hannover Re – has delivered a third quarter operating profit of Eur619mn ($682mn), up from the Eur259mn it reported in the third quarter of 2018.
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News
Hannover Re sees 9M P&C profit fall by 8.4% on large losses impact
Hannover Re saw operating profits in property and casualty reinsurance fall by 8.4 percent to Eur919.0mn ($1.01bn) in the nine months to 30 September as a result of an uptick in large losses at Eur545.9mn, including Eur112.4mn from the collapse of Thomas Cook.
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Hannover Re “bullish” on rates, targets sub-97% CR at full year
Reinsurance giant Hannover Re has forecast reinsurance rate increases of between 2 and 5 percent at the crucial 1/1 renewals.
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Analysis
Swiss Re dips but Europe’s reinsurers hold firm as Dorian approaches
Shares in the “big four” European reinsurers — Munich Re, Swiss Re, Hannover Re, and Scor — broadly held firm on Friday, despite current projections that Hurricane Dorian is set to make landfall in Florida as a potential cat four hurricane late this weekend.
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Hannover Re P&C drives H1 cash flow record despite Eur140.5mn losses: Jefferies
Hannover Re has generated its best first half cash flow ever at Eur1.53bn, sourced from a strong performance in P C gross written premiums, despite the segment booking a 4.6 percent drop in its operating profit on the back of heavy losses.
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News
Hannover Re sees P&C H1 2019 operating profit fall by 4.6% as large losses impact
Hannover Re saw first half operating profits in property and casualty reinsurance fall by 4.6 percent to Eur656.9mn (H1 2018: Eur688.8mn), as it experienced a marked uptick in net expenditure on large losses at Eur 140.5mn for the period (H1 2018: Eur93.3mn), including a Eur45.7mn hit from the Philadelphia refinery ...
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HDI Global Specialty acquires majority share in Swedish transport MGA
HDI Global Specialty SE – the insurance heavyweight created from the merging of the specialty lines activities of Hannover Re and HDI Global SE – has purchased 76.5 percent of the shares in Swedish MGA Svedea AB.
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Jefferies flags Hannover Re structured reinsurance risks
Equity analyst Jefferies has highlighted potential cause for concern in relation to Hannover Re’s suite of structured reinsurance products, flagging “the remote possibility that the business is under-capitalised for an unknown systemic risk”.
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Hannover Re writes $1.1bn TWIA traditional reinsurance
The Texas Windstorm Insurance Association (TWIA) has successfully placed its downsized $2.1bn 2019 catastrophe reinsurance programme with the layers on the structure switching from excess-of-loss to pro-rata, The Insurer can reveal.
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Wallin exits Hannover Re with strong P&C Q1
Hannover Re’s long-serving executive Ulrich Wallin has celebrated his last day as CEO by unveiling strong first quarter results at the industry’s fourth-largest reinsurer.
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Hannover Re to eliminate coal cover and investments by 2038
Reinsurance powerhouse Hannover Re is the latest German carrier to scale back its coal-related underwriting policies and investments.
