Reinsurance giant Hannover Re expects to generate net income of around €1.28 billion in 2019 and grew its premium volume in traditional property and casualty reinsurance by 14% at January 1 renewals, with the price increase for the renewed business amounted to 2.3%. At 15.5%, the strongest growth in the renewals was seen from proportional… Continue reading Hannover Re Posts 2.3% Rate Rise at ‘Solid’ January Renewal
Tag: Hannover Re
Hannover Re Changes Underwriting Policy for Coal-Based Risks
Hannover Re is scaling back its exposure to coal-fired power plants and coal mines over the long term. In addition to excluding coal-based projects from its investment universe, the Group is now also adopting a more restrictive underwriting policy on the reinsurance of coal-based risks. For many years the Group has supported the goals set… Continue reading Hannover Re Changes Underwriting Policy for Coal-Based Risks