Nachricht vom 04.02.2021 | 07:30
Hannover Re grows premium on improved prices in 1 January treaty renewals and confirms guidance for 2021
DGAP-News: Hannover Rück SE / Key word(s): Miscellaneous
04.02.2021 / 07:30
Corporate news
Hannover Re grows premium on improved prices in 1 January treaty renewals and confirms guidance for 2021
Renewals as at 1 January 2021 deliver premium increase of 8.5% adjusted for exchange rate effects
North America, the United Kingdom and specialty lines show particularly marked price gains
Reinsurers benefit from significantly higher prices in primary insurance under proportional covers
Average price increase of 5.5% on renewed business
Further improvements in prices and conditions expected over the course of the year
DAX Rises On Earnings
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Meanwhile, Italian government bond yields edged up as former European Central Bank chief Mario Draghi agreed to help form a new government.
The German DAX rose 77 points, or 0.6 percent, to 14,010 after rising 0.7 percent in the previous session.
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Deutsche Bank fell 2.5 percent despite the lender reporting a small annual profit in 2020, its first since 2014, on higher revenues and cost reductions at its investment banking division.