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[ 2010-02-03 ] Hannover Re satisfied with 1 January treaty renewals in non-life reinsurance

The treaty renewals in non-life reinsurance effective 1 January 2010 passed off in line with Hannover Re's expectations.

Steady demand for reinsurance
Modest premium growth for 2010
US property business satisfactory
Rate increases in aviation and credit/surety
Expected rate reductions in catastrophe business owing to reduced major loss expenditure in 2009
Return on equity target for 2010: at least 15%

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