reinsurer Hannover Re News

Talanx AG, Germany’s third-biggest insurer, said fourth-quarter profit tripled after higher earnings at its industrial insurance business and lower tax at its reinsurance unit. Net income rose to €227 million ($313 million) from €76 million [$105 million] a year earlier, …

Hannover Re, the world’s third largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year’s flooding and hailstorms, which led to the most costly claims in 30 years. “In view of the considerable losses …