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Reweb - Hannover Re posts profit for 2003.
(From Reinsurance)
Hannover Re has posted a EUR732.1m profit for 2003, a rise of 55% on the EUR470.9m it made over 2002. The company said gross written premiums were down 9% from EUR12.5bn in 2002 to EUR11.3bn in 2003, with the fall being blamed on exchange-rate effects as well as restructuring activities. However, net premiums earned over the period rose 6.1% from EUR7.7bn to EUR8.2bn. Hannover Re also announced that the combined ...
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