Shutterstock.com_112302332/Roman Sigaev

13 May 2025Reinsurance

Hannover Re Q1 P&C profit razed by California wildfires

Hannover Re has reiterated its full-year guidance despite first-quarter group net income falling by 13.9% year on year to €480 million ($533 million) due to hefty payouts on the California wildfires.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

RiverStone takes on $1.6bn QBE reserves through LPT deals

14 August 2026 Transactions cover North American middle market, workers’ comp and European liability.

Pelagos adds new quota share, eyes ILS and retro to manage margin

14 August 2026 Talks long-term partnerships and short-term opportunities across its capital stack.

AIG adds parametric cloud outage cover to cyber insurance offer

14 August 2026 Two-hour waiting period and predefined triggers aim to speed up payouts.

More articles

Sompo bulks up on Aspen; commercial and reinsurance boom

Accelerant shifts further toward third-party capital as exchange premium grows 23%

RiverStone takes on $1.6bn QBE reserves through LPT deals

D&O rate slide slows in Q2 as higher-risk sectors face modest increases

Pelagos adds new quota share, eyes ILS and retro to manage margin

Convex improves trailing combined ratio, even if Q2 gets bumpy

QBE grinds out first half with flat profit and margins

Westfield Specialty’s GWP climbs to $1.2bn on US, international growth

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze