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The underwriter joined Catlin in 2006. -
Vincent Hermenier joined Hannover Re in 2004.
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As with 2024, pricing pressure has been most acute on top layers.
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The reinsurer reported EUR2.1bn GWP for the year.
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The company’s parent MS&AD reported group profit of 691bn yen for the year.
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P&C combined ratios were higher than Q1 2024, and wildfires impacted Hannover Re most.
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Plus the latest people moves and all the top news of the week.
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The reinsurer’s CFO cited a 1.5% net price reduction year to date.
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The carrier’s overall P&C combined ratio improved 0.1 points to 91.8%.
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Renewable retrospective solutions were a key point during the discussion.
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The revision is significantly lower than the $4.5bn October estimate.
