Hannover Re posts EUR196mn Thai loss as investments boost profits
Hannover Re has almost doubled its Thai loss to EUR196mn from the preliminary EUR100mn estimate it gave during a Q3 earnings call, as it unveiled full-year profit guidance that exceeded targets.
The global reinsurer emphasised that the Thai loss figure was an early, approximate number.
The group's Thai loss is considerably above Scor's EUR140mn forecast but well under the estimates made by its larger European peers Munich Re (EUR500mn) and Swiss Re (EUR600mn).
In a trading update ahead of its...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
