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

09 August 2023

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

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.

Fuel a smarter strategy with our actionable market intelligence

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

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.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Everest Q1 CoR up 14 points to 102.7% as reinsurance unit hit by wildfires

Axis Q1 CoR decreases 1 point to 90.2% despite higher cat losses

Hamilton Global Specialty cyber head Spencer-Sim to exit

Realistic growth expectation for reinsurance is 6%-7%: Arch CFO

Voss among multiple European TL resignations from Dual

PartnerRe non-life segment swings to Q4 profit

Travelers Europe chief information officer Kitchen exits for Marsh