Hannover Re : Roadshow feedback – Continued focus on cost control and solid growth outlook
>New CEO to provide strategy update in 2020 - We have been roadshowing in Frankfurt with new CEO Jean-Jaques Henchoz, who took over from Ulrich Wallin in Q2 2019. Mr Henchoz will start to work on a strategy update for Hannover Re in H2 2019 and will present it to the capital markets in 2020. We have updated our valuation for Hannover Re and raised our TP to € 127 from € 120. Our recommendation on the shares remains unchanged at Neutral. Strategy update w...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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