Hannover Re sees 9M P&C profit fall by 8.4% on large losses impact

Hannover Re saw operating profits in property and casualty reinsurance fall by 8.4 percent to Eur919.0mn ($1.01bn) in the nine months to 30 September as a result of an uptick in large losses at Eur545.9mn, including Eur112.4mn from the collapse of Thomas Cook.