German reinsurer Hannover Re reported Thursday that its first-quarter Group net income went up 13 percent to 484 million euros from last year’s 428 million euros.
Tag: reinsurance profits
Reinsurers Return More Capital on Very Strong 2021 Results
The four major European reinsurers – Hannover Rueck SE (Insurer Financial Strength rating: AA-/Stable), Munich Reinsurance Company (AA/Stable), SCOR SE (AA-/Stable) and Swiss Reinsurance Company Ltd (A+/Stable) – improved their earnings significantly in 2021 due to better pricing and substantially lower coronavirus claims in property and casualty, Fitch Ratings says in a new report. This… Continue reading Reinsurers Return More Capital on Very Strong 2021 Results