Hannover Re profits plunge 31% in 2020 as major losses top €1.5bn

Higher than expected large losses stemming from the COVID-19 pandemic and catastrophes dented profits at Hannover Re, the third-largest reinsurer in the world, in financial year 2020. However, its chief executive Jean-Jacques Henchoz is bullish on sustained improvement in prices and conditions as he pledges to maximise available business opportunities going forward.

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Hannover Re, 2020 results, Insurance, Reinsurance, COVID-19, Catastrophe, Property & Casualty, Jean-Jacques Henchoz, Europe

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