Hannover Re charts clear course ahead

Hannover's Chairman Wilhelm Zeller sees a profitable 2005 having riden out the storms of 2004 to return a EUR577m profit

Although 2004 saw a series of storms in the Atlantic and Pacific batter the (re)insurance market, this didn't stop Hannover Re from continuing to post a significant profit for the year.

The company

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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