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Munich Re, Hannover Re Improve Profits

As ebbing rates and recent catastrophe losses impact European reinsurers, some of the better-positioned players, such as Munich Re and Hannover Re, are outpacing ...

By Staff Writer | Updated on February 11, 2005

As ebbing rates and recent catastrophe losses impact European reinsurers, some of the better-positioned players, such as Munich Re and Hannover Re, are outpacing their peers, a Benfield Group study has found.

According to the reinsurance broker’s latest European Reinsurance Quarterly report, among Europe’s major players Munich Re and Hannover Re both reported healthy profit jumps during the 2005 first quarter.

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