Ulrich Wallin News
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Hannover Re, the world’s fourth- biggest reinsurer, said first-quarter profit dropped 15 percent as lower interest rates and tougher competition weighed on margins and the group did not repeat earlier unrealized gains.
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Hannover Re, the world’s fourth- largest reinsurer, proposed a record dividend after profit rose to the highest in the company’s history as revenue grew and claims from natural disasters declined.
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Hannover Re, the world’s fourth- biggest reinsurer, cut its dividend payout after full-year profit fell 19 percent on higher claims from natural disasters.
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Hannover Re, the world’s fourth- biggest reinsurer, expects rates for property and casualty reinsurance to increase “slightly” when companies renew policies in January, Chief Executive Officer Ulrich Wallin said.
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Hannover Re, the world’s fourth- biggest reinsurer, said third-quarter profit fell 40 percent after it didn’t repeat a year-earlier tax gain.
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Hannover Re , the world’s third- biggest reinsurer, confirmed its profit forecast for this year after negotiating better-than-expected rates with clients in the January round of renewals.
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Hannover Re , Germany’s second- biggest reinsurer, said reinsurance premium rates may fall by between 2 percent and 5 percent in January’s contract renewals as competition drives down prices.
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Hannover Re, the world’s fourth- biggest reinsurer, said it expects earnings to remain little changed this year as tougher competition weighs on growth rates.
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Hannover Re will re-insure the majority of 3.2 billion pounds ($4.9 billion) in U.K. pension liabilities of Legal & General Group Plc against the risk of retirees living longer than expected, in the German company’s biggest such deal.
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Hannover Re, the world’s third- biggest reinsurer, said second-quarter profit climbed 4.1 percent, exceeding analyst estimates.
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