Hannover Rück

Ahead of the industry meeting in Monte Carlo, CEO Clemens Jungsthöfel warned that a potential large-scale cyber loss event is often not reflected in premiums. Hannover Rück also expects slightly falling prices in the property and casualty business for the contract renewal round on 1 January 2027. Analysts are divided: the consensus target is around €282.40, while Barclays (€246) and the InvestingPro fair-value model (€252.64) are significantly more conservative. Operationally, the reinsurer reported higher net profit, confirmed its annual targets and offers a dividend yield of 4.9%. » Más en de.investing.com

Hannover Rück expects German car insurers to raise premiums again significantly in 2027 to cover claims inflation. Drivers include higher costs for spare parts, workshop wages and rental cars, which are currently above the normal inflation rate. Premiums have already risen by about 6.5 percent on average this year. » Más en sueddeutsche.de

Hannover Rück CEO Clemens Jungsthöfel describes cyberattacks, major cloud outages and vulnerabilities in widespread software as a potential billion-euro risk and criticizes that premiums for these risks are in some cases too low. A catastrophic loss event is possible, with AI further increasing dependence on data centers and a few cloud providers. Hannover Rück already has a cyber portfolio with around €500 million in premium volume but sees significant growth potential in the market. At the same time, the traditional reinsurance business faces further price declines for renewals in 2027, which will put short-term pressure on margins. » Más en deraktionaer.de