23 February 2018

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Structured solutions drive Hannover Re P&C top-line growth

10 August 2017

Hannover Re reported a 22.9 percent increase in property & casualty (P&C) reinsurance gross written premium (GWP) to EUR2.6bn for the second quarter of 2017, despite competition from the insurance-linked securities (ILS) market.

And for the first half of 2017 GWP rose 17.3 percent, to EUR5.4bn, compared with the prior-year period, largely driven by an increase in structured solutions in the European and North American markets.

Second quarter operating profit in the division was up 23.3 percent to EUR324.5mn, beating...

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