Hannover Re swings to Q3 loss
Hannover Re reported that its third quarter results swung to a loss this year, hammered by catastrophe losses and a dreadful investment environment.
The German (re)insurance giant reported a net loss in the period of €142.8m, down from a net income of €577.3m in the third quarter of 2008.
€432.6m of this was related to writedowns on securities, as
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