Hints and tips:
...Viridium is majority owned by a fund operated by British private equity firm Cinven, alongside minority investors Hannover Re, the reinsurer, and Italy’s Generali....
...Market participants said this was feeding through to significantly higher prices for international and local groups seeking to protect infrastructure and property....
...The start-up was founded in 2019 by six immunologists from King’s College London, University College London and Hannover Medical School....
...Spitalfields is within the borough of Tower Hamlets, where more than three quarters of residents belong to minority ethnic groups....
...Its chief executive said he did not want to expose the group to “material antitrust risks”. Zurich, an insurance group, and Hannover Re, another reinsurer, left in April....
...A newcomer is British Patient Capital, the state-backed investment group, which is taking part in the Series B through the new Future Fund: Breakthrough scheme — its first biotech venture....
...While eurozone lending has stalled, Lagarde told a German banking event in Hannover that ECB consumer surveys “show that tighter monetary policy is not going to affect people’s holiday plans”....
...That should cheer finance directors at reinsurance groups as they pay chief executives’ hefty expense claims for jaunts to Monte Carlo....
...Insurers and reinsurers Swiss Re, Hannover Re, Scor, Axa XL, Mapfre, Italy’s Generali and Fidelis have all introduced restrictions on reinsuring oil, and in some cases gas, since June last year....
...Hannover Re is down 17 per cent. This article has been amended to clarify the date Scor released earnings....
...change . . . you don’t need leaders,” says Joussen, speaking on the eve of his final board meeting as chief executive from the company’s headquarters in a sleepy business district in the German city of Hannover...
...Inflation is a positive for insurance and big reinsurers such as Swiss Re, Hannover Re and Munich Re....
...Among the biggest reinsurance groups are the four major European players, Munich Re, Swiss Re, Hannover Re and Scor, as well as the Lloyd’s of London market and Warren Buffett’s Berkshire Hathaway....
...Also, Croatia is being accepted as the latest member of the eurozone group....
...Both groups declined to comment for this story....
...Germany’s Hannover Re booked $263m in Covid-related life insurance losses in its second-quarter results on Thursday, with the bulk coming from the US....
...Roughly half of the 50,000 engineers at the Hannover-based supplier have software expertise....
...The Bavarian boss also hinted at a further break-up of Volkswagen Group, which currently consists of 12 brands, including Audi, Porsche and Seat....
...Hannover Messe, which includes the CeBIT tech show, was postponed today until July. Google yesterday cancelled its I/O annual developer conference....
...An earlier attempt to usher in consolidation failed when Helaba walked away from merger talks with struggling Landesbank NordLB, based in Hannover....
...Whatever we do comes across negatively,” said Claudia Schüssler, a member of the regional parliament in Lower Saxony and leader of the SPD branch in Hannover....
...This is our target group.” Daimler’s CEO Ola Kallenius told investors that carmakers’ “basic business model” for the next decade was individual ownership....
...Management have noted a 20-25% decline in Group revenues over the past 3 weeks....
...Goldman Sachs; Coface cut to “neutral” at JPMorgan; Deutsche Wohnen raised to “buy” at Goldman; Eni cut to “hold” at Berenberg; EssilorLuxottica raised to “buy” at UBS; Go-Ahead cut to “hold” at Jefferies; Hannover...
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
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