Hannover Re
-
Analysts expressed surprise at the “underwhelming” profit and RoE projections. -
The carrier said GWP was up 12.7% to EUR33.3bn.
-
In a brief update, the (re)insurer said reinsurance revenue is expected to grow by at least 5% at constant exchange rates.
-
Exclusions and coverage changes absolutely make sense as a goal, but some wordings have thrown up additional risks.
-
The transaction is the first proportional deal for cyber risk in the capital markets.
-
Cedants are grappling with rising rates while coverage narrows.
-
Carriers reassured analysts that unrealised investment losses will not seriously affect solvency while sounding a bullish note on renewals.
-
The carrier also offered assurances on the strength of its reserving to combat inflation.
-
The carrier booked a Hurricane Ian loss of EUR276mn.
-
The firm said inflation and modelling changes had driven the need for bigger limits.
-
Winter storms in the first half of 2022 are expected to result in claims totalling EUR1.4bn.
-
This publication’s review of H1 disclosures shows how listed (re)insurers’ nat cat losses have tallied with aggregate projections.
Most Recent
-
BMS adds Howden’s Martinez to senior LatAm commercial team
02 February 2023 -
WTW appoints Aon’s Van Ede as global head of trade credit
02 February 2023 -
Former One Re CEO Lewis sets out vision for new legacy player
02 February 2023 -
Commercial insurance rates up 4% in Q4 2022: Marsh
02 February 2023 -
Amwins Global Risks builds in energy with RAP acquisition
02 February 2023
