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Hannover Rück
FRA:HNR1 ISIN:DE0008402215
News
Hannover Rück (FRA:HNR1) Capital market crisis and above-average volume of catastrophe losses dominant factors in the result as at 30 September 2008
Hannover Rück (FRA:HNR1) Hannover Re subsidiary sees attractive business opportunities in the German market
Hannover Rück (FRA:HNR1) Hannover Re Group: Profit decline as at 30 September 2008 due to sharp fall in equity prices and above-average burden of catastrophe losses / Profit forecast for full 2008 financial year no longer attainable / Good outlook for reinsurance business in 2009
Hannover Rück (FRA:HNR1) Hannover Re anticipates only moderate losses from hurricane "Gustav"
Hannover Re and its Chief Executive Officer honoured with awards
Hannover Rück (Other OTC:HVRRF.PK) Capital market and exchange rate movements dampen profitability for the first half of 2008
Hannover Rück (Other OTC:HVRRF.PK) Hannover, 20 June 2008: Hannover Re has reached an exclusive cooperation agreement with India's government-owned reinsurer GIC Re regarding the joint development, marketing and underwriting of life reinsurance business in India. The agreement was signed today at a formal ceremony in Mumbai in the presence of the Indian Minister of State for Finance; it came into force with retroactive effect as from 1 April 2008. The goal of the cooperation, which is initially planned for a period of five years, is to jointly build up a profitable portfolio with strong growth potential in the highly promising Indian market.
Hannover Rück (Other OTC:HVRRF.PK) Hannover, 19 June 2008: Hannover Re has completed the first transaction as part of its extended Insurance-Linked Securities (ILS) activities. Property catastrophe risks of a number of US cedants have been pooled and transferred to the capital market in several tranches. In contrast to the company's previous securitisations, Hannover Re's interest here is not in protecting its own business but in directly transferring clients' business to the capital market.
Hannover Rück (Other OTC:HVRRF.PK) Hannover Re voted best overall reinsurer in North America three times in succession
Hannover, Germany, May 6, 2008 - (ABN Newswire) - Annual General Meeting carries all motions as proposed Hannover, 6 May 2008: The Annual General Meeting of Hannover Re today approved all motions brought, adopting all of its resolutions with a large majority. In his speech, Chief Executive Officer Wilhelm Zeller recapitulated on an excellent financial year 2007 in which the company posted the highest Group net income in its history, at EUR 734 million. Although this result was due in part to a positive one-off effect from corporation tax amendments in Germany, Hannover Re would have posted a record profit anyway. Zeller also stated that he was highly satisfied with the figures for the first quarter of 2008, published today (see separate press release): "Our result to date stands us in good stead to achieve our ambitious profit target for the year as a whole - a return on equity of over 15 percent after tax." The Annual General Meeting likewise approved ...
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