Hannover Re eyes fac growth in P&C as group profitability ‘exceeds expectations’
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Hannover Re eyes fac growth in P&C as group profitability ‘exceeds expectations’

Clemens Jungsthofel hannover re logo 2023.png

Hannover Re’s underlying profitability “exceeded expectations” despite cat losses and changing interest rates, the carrier’s CFO Clemens Jungsthöfel has told analysts on an earnings call.

The CFO and fellow senior Hannover Re executives talked through the reinsurer’s retro coverage, as well as growth prospects at group level and in its P&C reinsurance unit, following a H1 trading update.

The

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