Hannover Re: COVID-19 bulk dents results but P&C enjoys solid growth in H1 2021

Hannover Re, the third-largest reinsurer in the world, saw double-digit gross premiums growth and its profit return to the pre-pandemic level in what its chief executive Jean-Jacques Henchoz (pictured) described as "satisfactory" half-year results. The profitable growth was driven by improved prices and conditions in the renewals, as well as a significant reduction in P&C large losses, somewhat offset by the bulk of pandemic-related losses in its L&H segment.