NU Online News Service, Nov. 10, 3:49 p.m. EST

Hannover Re said it is raising its full financial year profit forecast by over EUR100 million ($138 million at current exchange rate) after posting 2010 third quarter net income of EUR271.4 million ($374.4 million), a 66.4 percent increase compared to the same period last year.

The Hannover, Germany-based reinsurer said its profit forecast was EUR600 million ($827.8 million), but is now more than EUR700 million ($965.8 million).

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