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International

Hannover Re withdraws full-year outlook

April 23, 2020 Reprints

Germany-based Hannover Re SE has withdrawn its profit guidance for the current year due to the COVID-19 pandemic, Nasdaq reported citing RTTNews. The reinsurer withdrew the outlook amid uncertainty surrounding both the claims development and the capital market environment. Hannover Re expected its gross premiums to grow by nearly 5% and net income to around €1.2 billion ($1.3 billion) this year.

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Hannover Re withdraws full-year outlook

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