Hannover Re’s P&C reinsurance division saw operating profit fall by 38.5 percent in the fourth quarter to EUR319mn ($360.8mn) following greater-than-budgeted large losses.
Hannover Re P&C profit slumps 39% in Q4

Hannover Re’s P&C reinsurance division saw operating profit fall by 38.5 percent in the fourth quarter to EUR319mn ($360.8mn) following greater-than-budgeted large losses.