Hannover Re
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In his first interview since taking the helm at Hannover Re, the new CEO tells Adam McNestrie what he will preserve and how he will change the business -
The reinsurer also reiterates optimism about the 1.1 renewals.
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The reinsurer maintains its EUR1.1bn profit forecast for 2019.
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Swiss Re leads the charge on US exposure as reinsurers prepare for North American hurricane season.
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The loss creep booked in the P&C reinsurance division offset improvement seen in the industrial lines segment.
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CFO Vogel says the impact of the event has yet to feed through into rates.
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The global reinsurer reports strong demand in Japan and India and significant price increases at key renewals.
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The group’s reinsurance operations improved while the turnaround at the industrial lines continues.
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Large losses decline by almost a fifth, while the P&C re underwriting result improves.
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The acquirer builds on last year’s purchase of a local unit of Liberty Mutual.
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The underwriting plan builds on last year’s decision to curtail fossil fuel investment.
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Company predicts a “balanced underwriting result” for its restructuring HDI division this year.
