Hannover Re Sees Continued Strong Demand for High-quality Reinsurance Protection [Yahoo! Finance]
HANNOVER RE SE S/ADR (HVRRY)
NASDAQ:AMEX Investor Relations:
hannover-re.com/122688/investors
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Source: Yahoo! Finance
Terms and Conditions Continue to be Attractive, Particularly in Non-proportional Reinsurance Hannover Re Well Positioned for Profitable Growth as Preferred Business Partner MONTE CARLO - ( NewMediaWire ) - September 9, 2024 - Hannover Re anticipates prices and conditions to remain on a sustained stable level for the treaty renewals in property and casualty reinsurance as at 1 January 2025 and anticipates a balance of supply and demand in most markets. In the various rounds of treaty renewals during 2024, prices and conditions continued to improve in some areas, while in others they stabilised on the previous year's level. Given the continued favourable state of the market, Hannover Re took advantage of growth opportunities, both expanding its portfolio with long-standing clients and writing new business. After the significant increases recorded in prior years, some primary insurance markets are seeing modest price reductions. Hannover Re therefore still considers it appropriate
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