Hannover Re P&C profit drops 29% to EUR444mn over Q1
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Hannover Re P&C profit drops 29% to EUR444mn over Q1

The reinsurer's group operating income fell by 14% to EUR480.5mn.

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Hannover Re's P&C unit has reported an operating result of EUR444mn ($493mn) for Q1, a 29% drop on the prior-year quarter's EUR628.8mn,

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