Thu, 08/04/2016 - 09:54
Supply of reinsurance capital and capacity continues to “far exceed demand in worldwide property and casualty reinsurance” as market conditions remain challenging, according to Hannover Re, but the German reinsurer says “further indications of a bottoming out in prices could be discerned.”
Reporting a second-quarter set of results this morning that reveal an impact from global catastrophe losses such as the Fort McMurray fire, but still a reasonable profit as the diverse nature of the business continues to perform and investment profits grew, Hannover Re discussed the state of the global reinsurance market.
Comments (0)
To comment, please Sign In