Hannover Re P&C Q2 profit falls 35% on unexpected major losses
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Hannover Re P&C Q2 profit falls 35% on unexpected major losses

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Hannover Re’s P&C re unit booked a profit of EUR302mn ($307mn) for the second quarter, down 35.2% year on year, due to higher-than-expected major losses.

Underwriting: The P&C segment reported an underwriting result of EUR69mn for the second quarter, down 59.2% on the prior year period.

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