German reinsurance giant, Hannover Re, has reported a 33.4% reduction in Group net income for the first nine months of the year to €667.8 million, as the firm’s property and casualty (P&C) reinsurance segment fell to an underwriting loss as major loss expenditure exceeded budget in the period. Group net income declined to almost €668… Continue reading Hannover Re Posts 9MM Underwriting Loss; Reinstates Profit Guidance for 2020
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