Hannover Re : Q2 2020 net income marked by a strong COVID charge
>Very strong growth in P&C reinsurance - Hannover Re released its Q2 2020 earnings yesterday morning. Premiums grew strongly in Q2 in P&C reinsurance to € 4,188m (+21.3% reported, +16.3% at constant currencies), with strong growth for the group in a number of markets and business lines, against a backdrop of price increases. In the Q2 renewals, Hannover Re saw a rise of 11% in renewed business with an average price increase of 5.1%. In life reinsurance, premiums showe...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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