Hannover Re said during the latest reinsurance renewal season, premium rates have remained strong and in a few sectors have soared with up to 200 percent increases for marine business.
The Hannover, Germany-based reinsurer said it expects its return on equity this year should be at least 15 percent
Premium rates, Hannover Re said, have been stable despite reduced risks, although rates have jumped by 100 percent and more in hurricane-exposed regions.
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