Hannover Re faces ‘unexpected’ sharp rise in major losses but remains ‘resilient’
The Hanover profit plummets 71%, combined ratio soars as cat losses bite
Hannover Re warns of double-digit rate increases at 1.1
Insurance rates should press further forward across a slew of business lines as glitches in the post-pandemic economic recovery and nat cat drivers call out to insurers for a further push on prices, the chief executive officer of The Hanover Insurance Group John Roche (pictured) told the third quarter earnings call.
Hannover Insurance Group, Q3, Results, COVID-19, Catastrophe, Commercial Lines, Insurance, Reinsurance, John Roche, Germany, Europe, Global