Hannover Re profit soars despite €61m quake loss
Hannover Re has reported a 15.1% improvement in gross written premium for non-life reinsurance to €4.1bn (H1 2011: €3.5bn) compared with the same period last year.
Growth at constant exchange rates would have come in at 11.3%. The level of retained premium was virtually unchanged at 90.2% (90.0%).
Hannover Re said that the major loss situation in the second
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