Hannover Re profit plummets 39% in H1 as COVID-19 loss provisions jump

05-08-2020

Hannover Re profit plummets 39% in H1 as COVID-19 loss provisions jump

Hannover Re

Hannover Re, the third-largest reinsurer in the world, saw its results plummet 39 percent for the half year as the pandemic unsurprisingly weighed on overall improvements, leading to an increase in the reserves in the property & casualty reinsurance business.


Hannover Re, Coronavirus, Insurance, Reinsurance, Property & casualty, 2020 results, GWP, Jean-Jacques Henchoz, Europe

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