Kion Group Gmbh
FRA:HNR1 ISIN:DE0008402215
News
Hannover Rück (Other OTC:HVRRF.PK) Hannover, 19 June 2008: Hannover Re has completed the first transaction as part of its extended Insurance-Linked Securities (ILS) activities. Property catastrophe risks of a number of US cedants have been pooled and transferred to the capital market in several tranches. In contrast to the company's previous securitisations, Hannover Re's interest here is not in protecting its own business but in directly transferring clients' business to the capital market.
Hannover Rück (Other OTC:HVRRF.PK) Hannover Re voted best overall reinsurer in North America three times in succession
Hannover, Germany, May 6, 2008 - (ABN Newswire) - Annual General Meeting carries all motions as proposed Hannover, 6 May 2008: The Annual General Meeting of Hannover Re today approved all motions brought, adopting all of its resolutions with a large majority. In his speech, Chief Executive Officer Wilhelm Zeller recapitulated on an excellent financial year 2007 in which the company posted the highest Group net income in its history, at EUR 734 million. Although this result was due in part to a positive one-off effect from corporation tax amendments in Germany, Hannover Re would have posted a record profit anyway. Zeller also stated that he was highly satisfied with the figures for the first quarter of 2008, published today (see separate press release): "Our result to date stands us in good stead to achieve our ambitious profit target for the year as a whole - a return on equity of over 15 percent after tax." The Annual General Meeting likewise approved ...
Hannover, Germany, May 6, 2008 - (ABN Newswire) - Hannover Re reports gratifying interim result * Operating profit (EBIT) + 59.3% * Group quarterly net income + 22.6% * Non-life reinsurance: EBIT almost doubled * Combined ratio 99.5% * Life and health reinsurance: EBIT margin within the target corridor * Net investment income stable despite difficult capital markets * Return on equity 18.7% Hannover, 6 May 2008: Hannover Re expressed satisfaction with its start to the new financial year. "Despite some headwind due to the difficult situation on the global capital markets, our quarterly result puts in place a good foundation for achieving our defined 2008 profit target - namely a return on equity in excess of 15 percent after taxes", Chief Executive Officer Wilhelm Zeller affirmed. The operating profit (EBIT) as at 31 March 2008 improved on the corresponding period of the previous year by 59 ...
Hannover, Germany, Apr 2, 2008 - (ABN Newswire) - Hannover, 2 April 2008: In a survey conducted on the occasion of the 12th All-Russia Reinsurance Conference at the end of March 2008 in Moscow Hannover Re was chosen as the best foreign reinsurer. Insurers and brokers from Russia and the CIS states took part in the vote, along with foreign brokerage houses.
Hannover, Germany, Mar 12, 2008 - (ABN Newswire) - Hannover Re generates another record result
Hannover, Germany, Feb 5, 2008 - (ABN Newswire) - Hannover Re satisfied with 1 January treaty renewals in non-life reinsurance
Hannover, Germany, Jan 7, 2008 - (Hugin via ABN Newswire) - Hannover Re expands in South Korea
Hannover, Germany, Nov 8, 2007 - (Hugin via ABN Newswire) - Hannover Re reports highly satisfactory interim result
Hannover, Germany, Oct 24, 2007 - (Hugin via Asia Business News) - Hannover Re establishes life reinsurer in Bermuda
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