Hannover Rueck SE (HNRGn.DE)
22 Nov 2017
Wed, Nov 8 2017
FRANKFURT, Nov 8 Hannover Re reported a 31 percent drop in its third-quarter net profit on Wednesday as natural catastrophes in North America took their toll.
* CFO says he doesn't expect that catastrophes in the fourth quarter, like the fires in California, to exceed the company's budget of 200 million euros. Further company coverage:
FRANKFURT, Nov 8 Hannover Re said on Wednesday that third-quarter net profit fell 31 percent from a year earlier as a spate of natural catastrophes in North America took their toll.
* CEO sees flat EPS in 2017, more than 10 pct rise in 2018 (Recasts with price expectations, background)
* CEO says wants to return to 2015 premium level in U.S. cat cover
MUNICH, Oct 19 Hannover RE does not expect its earnings per share (EPS) to increase in 2017 due to payouts related to damage done by hurricanes which hit the United States in recent weeks.
BERLIN, Sept 21 German insurer Talanx warned it may miss its profit target for 2017 as its reinsurer Hannover Re is being hit by major claims from a series of hurricanes and an earthquake in Mexico.
BERLIN, Sept 21 German reinsurer Hannover Re warned on Thursday it may miss its target for a 2017 net profit of 1 billion euros ($1.19 billion) due to claims from a series of hurricanes and an earthquake in Mexico.
MONACO, Sept 11 Hannover Re, the German reinsurance titan, expects stable prices when treaties are renewed in January and said it was on track to meet its 2017 profit target despite a "challenging" market.
FRANKFURT Damages from Harvey, the hurricane and tropical storm ravaging Houston and the Texas Gulf Coast, are estimated to be well below those from major storms that have hit New Orleans and New York, according to Hannover Re on Monday.