Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday. Credit Suisse analysts estimated that total insurance losses …
Hannover Re, the world’s third-largest reinsurer, said second-quarter profit rose 19 percent, as lower catastrophe claims helped a surge in earnings from property and casualty. Net income increased to 252.2 million euros ($274 million) from 211.5 million euros a year …
During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year. “The fact that we were able to …
Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting results due to the absence of sizable natural catastrophes and ongoing reserve releases. Nevertheless, reinsurers face challenges as soft market …
Hannover Re, the world’s third-biggest reinsurer, plans to pay a special dividend after fourth-quarter profit rose more than analysts estimated, helped by low catastrophe claims. The shares climbed. Net income rose to 290 million euros ($313 million) from 265 million …
Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage. The growth of insurance-linked products that allow investors …
European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines jet downed over Ukraine and …
Hannover Re, the world’s third- biggest reinsurer, said third-quarter profit rose 21 percent, helped by a benign U.S. hurricane season and higher income from investments. Net income rose to 251 million euros ($315 million) from 207 million euros a year …
Talanx AG, Germany’s third-biggest insurer, said second-quarter profit dropped 19 percent on lower investment income. Net income declined to €165 million ($220 million) from €204 million [$272.6 million] a year earlier, the Hanover, Germany- based insurer said in a statement …
Hannover Re, the world’s third- biggest reinsurer, said second-quarter profit rose 10 percent, helped by a lower level of large claims and higher life reinsurance earnings. Net income climbed to €211.5 million ($282.7 million) from €192.3 million [$257.1 million] a …
