Hannover Re News

Low Catastrophe Claims Help to Boost Full-Year Profit for Hannover Re

Hannover Re, the world’s third-biggest reinsurer, plans to pay a special dividend after fourth-quarter profit rose more than analysts estimated, helped by low catastrophe claims. The shares climbed. Net income rose to 290 million euros ($313 million) from 265 million …

Hannover Re: Capital Markets Are ‘More Friend Than Foe’ to Reinsurers

Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage. The growth of insurance-linked products that allow investors to participate …

Low Disaster Claims Boost Profits in Third Quarter for European Insurers

European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines jet downed over Ukraine and the destruction of planes …

Hannover Re 3rd Quarter Profit Rises 21% on Benign Hurricane Season

Hannover Re, the world’s third- biggest reinsurer, said third-quarter profit rose 21 percent, helped by a benign U.S. hurricane season and higher income from investments. Net income rose to 251 million euros ($315 million) from 207 million euros a year …

Talanx Quarterly Profit Falls 19% on Lower Investment Income

Talanx AG, Germany’s third-biggest insurer, said second-quarter profit dropped 19 percent on lower investment income. Net income declined to €165 million ($220 million) from €204 million [$272.6 million] a year earlier, the Hanover, Germany- based insurer said in a statement …

Hannover Re Second-Quarter Profit Rises 10% on Life Reinsurance

Hannover Re, the world’s third- biggest reinsurer, said second-quarter profit rose 10 percent, helped by a lower level of large claims and higher life reinsurance earnings. Net income climbed to €211.5 million ($282.7 million) from €192.3 million [$257.1 million] a …

Best Revises Insurance Holding Company and Debt Ratings: Companies Affected

A.M. Best announced that it has made some revisions to the criteria it uses in constructing its ratings reports, which will “provide clarification on several issues related to the rating of an insurance company’s debt, including A.M. Best’s approach to …

Weakness in Pricing Lowers Reinsurers’ Q1 2014 Profits

Swiss Re and Hannover Re, the world’s no. 2 and 3 reinsurers, said they saw lower prices in natural disaster reinsurance and April renewals, as they beat profit expectations in the first quarter.   Fewer serious natural disasters, as well …

Hannover Re Says Capital Allows Steady Dividend, Potential Acquisitions

Hannover Re, the world’s third- biggest reinsurer, has sufficient capital to offer investors a steady dividend and pursue potential purchases, Chief Executive Officer Ulrich Wallin said. “We have increased our capital over the past years so that we are now, …

Energi Develops First Canadian Energy Savings Warranty

Energi, a Massachusetts-based industrial reinsurance company, which provides risk management and insurance programs for the energy industry, announced that it will provide an Energy Savings Warranty (ESW) for the Toronto Atmospheric Fund (TAF) for energy efficiency retrofit in Toronto, Ontario. …