Latest Hannover Re Headlines
All the headlines from our Hannover Re Topic Page, ordered by recency.
Hannover Re 3rd Quarter Profit Rises 21% on Benign Hurricane Season
Nov 5 2014 // 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...
Hannover Re Sees Storm Losses Stabilizing Reinsurance Prices in Germany
Oct 21 2014 // Hannover Re, the world’s third- largest reinsurer, expects more than 5 billion euros ($6.4 billion) in losses from two storms to sustain prices for coverage in Germany. “Heavy loss expenditures, especially in...
‘Worst Market in Memory’ to Keep Pressure on Reinsurance Rates
Sep 3 2014 // The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may...
Hannover Re Second-Quarter Profit Rises 10% on Life Reinsurance
Aug 6 2014 // 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...
Best Revises Insurance Holding Company and Debt Ratings: Companies Affected
May 12 2014 // 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...
Weakness in Pricing Lowers Reinsurers’ Q1 2014 Profits
May 7 2014 // 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...
Hannover Re Says Capital Allows Steady Dividend, Potential Acquisitions
Apr 9 2014 // 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...
Talanx Q4 Profit Triples after Gains at Industrial Insurance Unit
Mar 24 2014 // 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...
Hannover Re Q4 Net Income Rises 48% after Tax Gain
Mar 11 2014 // Hannover Re, the world’s third- biggest reinsurer, posted a 48 percent increase in fourth- quarter profit, beating analysts’ estimates. Net income rose to €265 million ($367 million) from €179 million [$248...
Hannover Re Confirms 2014 Profit Forecast despite Decreased Revenues
Feb 7 2014 // Hannover Re, the world’s third- biggest reinsurer, confirmed its profit target for this year even as the prices it charges customers for coverage fell. “Although the rate level in non-life reinsurance was...
Hannover Re Sees Higher Rates in Germany on Floods, Hailstorms
Oct 23 2013 // 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...
Hannover Re Agrees: No Change in Most Reinsurance Rates in 2014 Renewals
Sep 10 2013 // Hannover Re, the world’s third- largest reinsurer, said it expects reinsurance rates at price negotiations for January renewals to remain little changed. Pricing will be “rather stable,” Chief Executive...
Hannover Re Q2 Net Rises 29% on Investment Income
Aug 7 2013 // Hannover Re, the world’s fourth biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts’ estimates, helped by higher investment income. Net income advanced to €186.3 million ($247.9...
Low Damage Claims Aid Reinsurers Q1 Earnings
May 7 2013 // Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest rates. The two...
Talanx Estimates Group’s Sandy Losses at $410 Million; Hannover Re $349 Million
Jan 15 2013 // Germany’s Talanx AG announced that its estimated net claims burden related to hurricane “Sandy” are approximately €306 million [$410 million] for the entire Group. The estimate includes the total burden...
Hannover Re Sees Little Sandy Impact; Raises Profit Forecasts
Nov 6 2012 // Hannover Re does not expect to be blown off course by damage from Hurricane Sandy in the United States, the German reinsurer said on Tuesday, as it beat quarterly profit forecasts and lifted expectations for this year and...
Hannover Re Reports 85% 1st Half Gain in Net Income to $497 Million
Aug 10 2012 // Hannover Re’s interim report for the first six months of 2012 shows gains in all of the reinsurer’s primary sectors. Highlights for the period were listed as follows: — Gross premium: + 14.0 percent to...
Hannover Re Board Approves Legal Change to Societas Europaea
Mar 14 2012 // The Supervisory Board of Hannover Rückversicherung AG (Hannover Re) has approved a resolution of the Executive Board to transform the company into a European public limited company (Societas Europaea, or SE). The proposed...
Hannover Re Expects Major Loss from Costa Concordia Capsize
Jan 24 2012 // German reinsurer Hannover Re AG says it expects the fatal capsizing of the Costa Concordia cruise ship to cost it tens of millions of euros (dollars).Hannover Re said it expects losses of some (euro) 30 million ($39...
Best Affirms Ratings of Inter Hannover UK; Outlook Positive
Dec 19 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of UK-based International Insurance...
