"The favourable development of Hannover Re’s business borne out by these figures is all the more remarkable
because the general environment facing the international reinsurance industry remains challenging. Nevertheless, we
have so far been able to position the company for continued success even in this climate. Particularly helpful in this
regard are our low administrative expense ratio and our extensive diversification both within our business groups of
Property & Casualty
and Life & Health reinsurance and between the two business groups." Chief Executive Officer Ulrich Wallin stated.
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