Pricing on many lines of business continued to soften in the June 1 and July 1 renewals on the back of intense competition though price increases were recorded on treaties hit by losses, especially in Australia and New Zealand, according to Hannover Re, commenting in relation to its first half results.
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Hannover Re, First half 2017 results, July 2017 renewals, Reinsurance, ILS, Property, Casualty, Ulrich Wallin, Europe, Asia Pacific, North America