Hannover Re cuts profit forecast

Hannover Re, the world’s fifth-biggest reinsurer, cut its full-year profit forecast 23% due to damage claims related to four hurricanes in the US and typhoons in the Pacific.
Hannover Re cuts profit forecast
Wed, 13 Oct, 2004 - 01:00

Net income will be €300m this year, against €354.8m last year.

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