Hannover Re stays profitable in Q1’25 amid elevated catastrophe claims

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Reinsurance News - May 13, 2025

Hannover Re has reported a group net income of €480 million for Q1 2025, marking a 13.9% year-on-year decline, primarily driven by large losses in property and casualty reinsurance, which totalled €765 million and significantly exceeded the budgeted expectation of €435 million. The most substantial...

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