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News - Hannover Re happy with Q1 performance.
(From Reinsurance)
Hannover Re has expressed 'considerable satisfaction' with its start to the new financial year. "With our quarterly result, we have taken a first major step toward achieving our defined profit target for 2006," chief executive Wilhelm Zeller said.
According to the company, market conditions in property and casualty reinsurance continued to be highly advantageous, and the company generated what it described as very profitable business.
Mr Zeller was particularly satisfied with the favourable development of the specialty insurance business group and the revival of financial reinsurance. In life and health reinsurance, results also came in as anticipated. "All underwriting business groups lived up to our ...
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