Archive 2000
[ 2000-07-20 ]
Favourable business development in the current year to date
At today's Annual General Meeting of Hannover Re the Chairman of the Executive Board, Wilhelm Zeller, provided some initial insights into the course of business during the current year. The remarkable reduction in the burden of major losses and the development of investment income, in particular, have been highly gratifying to date. In addition, the Annual General Meeting approved all the items on the agenda by a large majority, as a consequence of which the proposed replacement of bearer shares with registered shares will be completed as early as October.
[ 2000-06-06 ]
Hannover Re continues successful performance
- Gross premium income + 49%
- Life and Health reinsurance + 58%
- Financial reinsurance + 38%
- First-time consolidation of Clarendon with profit contribution
- Consolidated net income and earnings per share + 18%
- Return on equity 24% before and 17% after tax
- Sixth consecutive dividend increase
[ 2000-05-15 ]
Clarendon posts top results
The Clarendon Insurance Group, New York, a wholly owned subsidiary of the Hannover Re Group, has increased both gross premium and profit by a double-figure percentage. Profits after tax grew to USD 34m, a huge improvement on the previous year's loss of USD 2.5m (which was, however, burdened by exceptional effects of the take-over). Nevertheless, even if these effects are discounted, pre-tax profit growth was up by more than 13% over last year.
[ 2000-05-08 ]
Hannover Re changes to registered shares
At its meeting held today the Executive Board of Hannover Rückversicherungs-AG resolved to propose to the Annual General Meeting on 20 July that the currently existing bearer shares be replaced with registered shares.
[ 2000-04-17 ]
Hannover Re boosts Program Business
The Clarendon Insurance Group, New York, a wholly owned subsidiary of the Hannover Re Group, has signed an agreement with Acceptance Insurance Companies, Inc. to acquire all outstanding shares in Redland Insurance Company, Iowa.
[ 2000-01-28 ]
Winter storms pose no threat to 1999 profit target
Due to its anticyclical and strictly profit-oriented strategy in property and casualty reinsurance, Hannover Re's share of the reinsured losses caused by the winter storms "Lothar" and "Martin" at the end of last year will be less than the average.
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