Insurance - Hannover Re steers a new course

- L&P staff
- 01 Feb 2009

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Hannover Re's £1.3 billion acquisition of ING's US life reinsurance business from ailing Scottish Re marks a change in strategy for the German company. The move will see the firm become less reliant on the volatile property and casualty sectors and is accompanied by two senior management changes.

A combination of falling equity values and increased natural catastrophe meant Hannover Re incurred a EUR395 million loss during the third quarter of 2008 - outstripping its EUR252 million profit for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You already have an account with us*. Sign in below to continue.