Hannover Rück Increases Premium Volume in Renewal and Reports Profit Growth

Hannover Rück has been able to increase its premium income in traditional property and casualty reinsurance by 7.6% in the contract renewal at the beginning of the year. Despite a persistently high quality of renewed business, an average inflation- and risk-adjusted price decrease of 2.1% was recorded. Reinsurance prices remain at a reasonable level relative to the risks, although competition has increased, especially in loss-free contracts, leading to price reductions in particularly competitive sectors, comments Sven Althoff, a member of the...