Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Hannover Rueck SE    HNR1   DE0008402215

HANNOVER RUECK SE (HNR1)

15
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Hannover Rueckversicherung AG : Hannover Re Estimates Burden of Losses for Wrecked Costa Concordia

01/23/2012 | 05:05am US/Eastern
Recommend:
0

As already reported by Hannover Re on 16 January, the incident involving the Costa Concordia cruise ship will result in a major loss for the company. The loss expenditure from marine hull insurance will be in the region of EUR 30 million for the company's net account. Liability claims are difficult to assess at this point in time. The assumption is that a market loss running into triple-digit millions of euros could result. The total loss for Hannover Re - as a leading marine reinsurer - could therefore be in the mid-double-digit million euro range.

Please visit: www.hannover-re.com

Hannover Re, with a gross premium of around EUR 11 billion, is the third-largest reinsurer in the world. It transacts all lines of non-life and life and health reinsurance and is present on all continents with around 2,200 staff. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- 'Very Strong' and A.M. Best A 'Excellent').

Please note the disclaimer: www.hannover-re.com/misc/disclaimer-pr-050811

Language:   English
Company: Hannover Rückversicherung AG
Karl-Wiechert-Allee 50 30625
Hannover Germany
Phone: +49-(0)511-5604-1500
Fax: +49-(0)511-5604-1648
E-mail:

info@hannover-re.com

Internet:

www.hannover-re.com

ISIN: DE0008402215
WKN: 840 221
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Terminbörse EUREX

Hannover Rückversicherung AG
Corporate Communications:
Karl Steinle
tel. +49 511 5604-1500
e-mail: karl.steinle@hannover-re.com
or
Media Relations:
Gabriele Handrick
tel. +49 511 5604-1502
e-mail: gabriele.handrick@hannover-re.com
or
Investor Relations:
Klaus Paesler
tel. +49 511 5604-1736
e-mail: klaus.paesler@hannover-re.com


© Business Wire 2012
Recommend :
0
React to this article
Latest news on HANNOVER RUECK SE
03/21 HANNOVER RUECK SE : Re appoints new member of the Executive Board
03/21 HANNOVER RUECK SE : Annual Report 2013: Hannover Re achieves new record result
03/11DJEUROPE MARKETS : European Stocks Waver As Banks Fall; Car Makers Rise
03/08 HANNOVER RUECK SE : Hannover Re satisfied with treaty renewals
02/12DJAdmiral Extends UK Reinsurance Arrangements
2013 HANNOVER RUECK SE : Hannover Re CEO expects falling premiums in 2014 - paper
2013 Big reinsurers seek to return cash to shareholders
2013 Big reinsurers seek to return cash to shareholders
2013DJMUENCHENER RUECKVERSICHERUNGS-GES. A : Munich Re Profit Falls on Large Claims
2013 Munich Re plans 1 billion euro buy-back after profit slump
Advertisement
Chart
Duration : Period :
Hannover Rueck SE Technical Analysis Chart | HNR1 | DE0008402215 | 4-Traders
Income Statement Evolution
Hannover Rueck SE : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF