Hannover Re P&C posts 99.5% CR in Q1 and books ~€143mn of Russia-Ukraine reserves

Hannover Re Q1 results

Hannover Re saw its P&C reinsurance underwriting result slip during the first quarter as major losses exceeded budget, with the division booking a net underwriting result of €26.2mn ($27.6mn), down 82 percent on the prior-year period.

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