Hannover Re : Solid results in Q3 despite the crisis
>Further robust growth - Hannover Re released its Q3 2020 earnings yesterday. Gross written premiums came to € 6.149bn in Q3 (+7.9% reported), slightly beating the consensus (€ 6.098bn), but just missing our forecast (€ 6.252bn). We note strong premium growth in P&C (+15.9% in 9M excluding forex effects), with more moderate growth in life reinsurance (+5.0% in 9M excluding forex effects). For 2021, the group sees premium growth of around 5% (stronger growth in P&C), ...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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