FRANKFURT, GERMANY (Reuters) – Hannover Re on Monday said it still expected to post a net profit of around 800 million euros ($1.07 billion) for 2013 even after assessing the potential impact of flood damage in Germany, Austria and the Czech Republic.
A definitive assessment of possible reinsurance claims will not be possible until some of the flooding has subsided, Hannover Re said.
The losses from the floods may exceed 100 million euros but would remain significantly below 200 million euros, it added.
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