Hannover Re non-life book hit by major losses

Ulrich Wallin

Hannover Re has reported what it described as "vigorous premium growth" in the first quarter of 2010.

The gross written premium booked by the Hannover Re increased by 7.1% to EUR 2.9bn, while the level of retained premium decreased to 90.8% (QI 2009: 91.7%).

Net premium earned climbed by 9.5% to EUR 2

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