Profits shrink at Hannover Re as COVID-19 dents P&C result; major losses top €1.1bn

04-11-2020

Profits shrink at Hannover Re as COVID-19 dents P&C result; major losses top €1.1bn

Jean Jacques Henchoz, chief executive officer, Hannover Re

Hannover Re, the third-largest reinsurer in the world, saw its profits plummet 33.4 percent as the impacts of COVID-19 dented the firm's performance in property and casualty (P&C) reinsurance, as well as life and health. But its chief executive pointed to strengthening reinsurance pricing trends as cause for optimism going forward.


Hannover Re, Losses, Insurance, Reinsurance, Property & Casualty, COVID-19, Life & Health Insurance, Jean-Jacques Henchoz, Europe

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