Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/23/2012 | 11:05am CET

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HANNOVER RUECK SE
01/05 Foreign reinsurers get irdai nod to open branches in india
2016 HANNOVER RUECK : 2016-12-28 | Hannover Re gets final licence to establish a bran..
2016 DGAP-NEWS : Hannover Re gets final licence to establish a branch in India
2016 HANNOVER RUECK : 2016-12-23 | Release of a notification of major holdings
2016 HANNOVER RUECK : 2016-12-19 | Release of a notification of major holdings
2016 HANNOVER RUECK : Re to operate in india
2016 2016-11-10 | QUARTERLY STATEMENT AS : Hannover Re posts strong nine-month resul..
2016 DGAP-NEWS : Hannover Re posts strong nine-month result for 2016
2016HANNOVER RUECK SE : quaterly earnings release
2016 HANNOVER RUECK : Investor consortium invests USD375 million in Somerset Re
More news
Sector news : Property & Casualty Reinsurance
01/04 MUENCHENER RUECKVERSICHERUNGS GES : Insurers paid out $50 bln for natural disast..
2016DJMUENCHENER RUECKVERSICHERUNGS GES : Munich Re Raises Full-Year Profit Guidance A..
2016DJMUENCHENER RUECKVERSICHERUNGS GES : Munich Re 3Q 2016 -- Forecast
2016DJSWISS RE : Profit Pressured by Catastrophe Costs, Tough Markets
2016DJAMP : in Reinsurance Deal with Munich Re
More sector news : Property & Casualty Reinsurance
News from SeekingAlpha
01/18 GLOBAL INSURED CATASTROPHE LOSSES RI : Aon
01/18 MARKET ENVIRONMENT PUSHES REINSURERS : JLT Re
01/13 REINSURANCE PRICE DETERIORATION COUL : Moody's
01/12 Aetna Launches $200m Vitality Re VIII Health Insurance Linked ILS
01/12 U.S. Commercial P&C Rates End 2016 At -1%, Says MarketScout
Advertisement
Financials (€)
Sales 2016 16 645 M
EBIT 2016 1 568 M
Net income 2016 1 055 M
Debt 2016 -
Yield 2016 4,79%
P/E ratio 2016 11,46
P/E ratio 2017 11,81
Capi. / Sales 2016 0,73x
Capi. / Sales 2017 0,72x
Capitalization 12 192 M
More Financials
Chart HANNOVER RUECK SE
Duration : Period :
Hannover Rueck SE Technical Analysis Chart | HNR1 | DE0008402215 | 4-Traders
Full-screen chart
Technical analysis trends HANNOVER RUECK SE
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 102 €
Spread / Average Target 0,53%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ulrich Wallin Chief Executive Officer
Herbert K. Haas Chairman-Supervisory Board
Roland Vogel Chief Financial Officer
Wolf-Dieter Baumgartl Member-Supervisory Board
Otto Müller Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HANNOVER RUECK SE-1.65%12 974
MUENCHENER RUECKVERSIC..-1.14%30 318
EVEREST RE GROUP LTD1.38%9 040
RENAISSANCERE HOLDINGS..0.22%5 665
VALIDUS HOLDINGS, LTD.3.80%4 557
ASPEN INSURANCE HOLDIN..1.82%3 402
More Results