HVRRY News and Press, Hannover Rueckversicherung SE ADR From 08/08/21

Storm Bernd struck Central Europe in July and caused most of its damage from flooding caused by a number of major rivers overflowing following extreme rainfall levels. Given Europe had faced more severe storms and floods in June as well and further storm activity in August, it likely ...

Analysts feel that reinsurance underwriters should be able to deliver higher margins on their underwriting portfolios, effectively a higher return per unit of risk written, because of this improved rate environment. If you think about the evolution of reinsurance over the last two dec...

Hannover Re reported a positive first half of 2021, as the reinsurance company continued to grow into the firmer market conditions. Major loss net expenditure fell to EUR 325.9 million, down from H1 2020’s EUR 737.0 million, which was below the budgeted level of EUR 476 million...

Assets under management at the largest dedicated insurance-linked securities specialist manager, Nephila Capital, rose to $9.8 billion after the second quarter of the year, while revenues reported for the period were almost flat with the prior year. For Q2 2021, Nephila Capital recogn...

AXA Group reported higher revenues across its business, driven by improving pricing and market conditions, with its AXA XL business on track for its targeted earnings for the year, but also gave an early estimate of exposure to recent European flooding. AXA said that its commercial li...

Reinsurance firm Swiss Re reported $1 billion of first-half profits. During the first half, Swiss Re's P&C reinsurance business suffered $521 million of catastrophe losses, largely due to winter storm Uri in the United States. Swiss Re anticipates a combined loss of around the...

Global insurance and reinsurance company Everest Re (RE) has reported a strong second-quarter of results, with its reinsurance book expanding almost 40% on a gross premium basis, but with catastrophe losses a little ahead of the prior year. Underwriting income came out at $274 million...

France headquartered global reinsurance firm SCOR has continued to rapidly expand its property and casualty book in improved pricing conditions over the second quarter and into the mid-year renewal season. During Q2 2021, SCOR has booked the additional EUR 109 million of COVID-19 pand...

Hannover Rueck is a leading German reinsurance company that services clients worldwide. Insurance companies are keen to mitigate risk post COVID-19, and reinsurance demand is likely to grow from here. Assuming 15% growth in EPS per year, I forecast that the stock could have 40% up...

Aon estimates that natural disaster cost the global economy around $93 billion in the first-half of 2021. Aon’s data comes from a minimum of 163 natural disaster events that occurred in H1 2021, which was below the 21st Century average (191) and median (197). In terms of lo...