Hannover Re : Group shelving its guidance for 2020 results
>2020 guidance shelved - Yesterday, Hannover Re indicated it was shelving it 2020 earnings guidance due to uncertainty triggered by the COVID-19 crisis. The group was expecting net income of around € 1.2bn in 2020. Hannover Re cited the impact of the crisis on its investment income and its P&C reinsurance result. The group did not provide additional information on the impact of COVID-19. But in addition to the effects on its investment income (particularly on the impa...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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