Hannover Re : Hannover Re maintains growth momentum in January 2019 renewals
>FY 2018 net income ahead of estimates - Hannover Re reported preliminary FY 2018 results. Net income was reported at € 1.05bn, ahead of our estimate (€ 1.01bn) and consensus (€ 1.00bn). Above-budget major losses in FY 2018 were offset by reserve releases. L/H insurance benefited from a positive one-off linked to reserve releases for the XXX business. Management pointed to underlying net income of ~1.1bn for FY 2018. January 2019 renewal data show substan...Hannover is global reinsurance company. Co. operates through two business groups, Non-Life Reinsurance and Life and Health Reinsurance. Non-Life Reinsurance provides structured reinsurance solutions. Co.'s target markets are Germany and North America, and its specialty lines include Marine, Aviation, Credit and Surety, Structured Reinsurance, Insurance-Linked Securities and the United Kingdom, London market and direct business. Non-Life Reinsurance's Global Reinsurance consists of treaty reinsurance worldwide, facultative reinsurance and global catastrophe business. Life and Health Reinsurance provides solutions for life and health reinsurance and financial solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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