Filed Under:Markets, Reinsurance

Hannover Re Raises Premiums Amid Competition

HANOVER/FRANKFURT (Reuters) - Reinsurer Hannover Re said it had increased its overall premium volume when renewing contracts with its insurance company customers at the start of the year, amid intense competition.

The world's third-biggest reinsurer said the premium volume of contracts renewed in January rose 1 percent to 3.82 billion euros ($5.23 billion), with prices rising in lines hit by damage claims in 2012.

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