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Hannover Re, the worlds third-biggest reinsurer, reported that first-quarter profit was little changed as rates charged by the industry remain under pressure.

Property and casualty reinsurance prices declined on policies renewed for April 1 amid an oversupply of capital and muted demand from clients, according to Willis Re.

Property and casualty reinsurance prices declined on policies renewed for April 1 amid an oversupply of capital and muted demand from clients, according to Willis Re.

How could one of the safest airplanes in the sky vanish without a trace, and what does that mean for the rest of the commercial aviation industry, and those who insure it?

Munich Re, the worlds biggest reinsurer, said profit this year is expected to decline 9.1% as prices charged by the industry are in decline.

Hannover Re expects to face claims totaling around $42.6 million from the apparent loss of a Malaysia Airlines' jet over the weekend, the reinsurer's chief executive said on Tuesday.

Hannover Re expects to face claims totaling around $42.6 million from the apparent loss of a Malaysia Airlines' jet over the weekend, the reinsurer's chief executive said on Tuesday.

A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate.