Hannover Rueck SE Property & Casualty Treaty Renewals Corporate Call Transcript - Thomson StreetEvents

Hannover Rueck SE Property & Casualty Treaty Renewals Corporate Call Transcript

Hannover Rueck SE Property & Casualty Treaty Renewals Corporate Call Transcript - Thomson StreetEvents
Hannover Rueck SE Property & Casualty Treaty Renewals Corporate Call Transcript
Published Feb 08, 2023
16 pages (12124 words) — Published Feb 08, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of HNRGn.DE conference call or presentation 8-Feb-23 9:30am GMT

  
Brief Excerpt:

...Thank you very much, and good morning, everyone. Welcome to this conference call which will focus on the 1/1 renewal on the P&C side. As usual, I'll start with a few comments and Sven Althoff will make a deep dive on the key figures for the different markets and lines of business. I'll then comment on the outlook for the year as usual. Well, first, let me mention the devastating earthquakes in Turkey and Syria. We're all watching the news with shock and sadness and our deepest sympathy goes to all the people affected by this catastrophic event. We hope that the rescue efforts will be prompt and effective. Let me now move to the overall market conditions. As you know, we're looking back at a year 2022, which was quite challenging for the industry, reinsurers and insurers. Insured losses from natural catastrophes were quite elevated, as you know, and clearly about expectations. Additionally, we had the war in Ukraine, which increased uncertainty in the markets, drove up energy prices, contributed...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Hannover Rueck SE
Ticker
HNRGn.DE
Time
9:30am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: William Fraser Hardcastle - UBS Investment Bank, Research Division - Analyst : A lot of questions have been answered. I guess just one more then from me, does the higher retro change (inaudible) I know you've had previous conversations. And you said before that you wouldn't be seeing much U.S. catastrophe growth, given already high exposure there. Has this changed that heading into those...

Question: Kamran M. Hossain - JPMorgan Chase & Co, Research Division - Analyst : First question is just on the revenue, I guess, reinsurance growth this year. I guess you highlighted you moved to nonproportional business, lower premium, high-margin theoretically. Do you expect that shift to continue later this year? Or is that more of a 1/1 impact? Just trying to think about late renewals and top line. Second question, I think my question keeps changing as you keep giving answers. But on the risk-adjusted price increases, Andrew's talked about versus the loss ratio improvement. I mean even if you book the midpoint of 2 to 3 points suggests something like a EUR 400 million post-tax benefit to earnings based on the midpoint, (inaudible). So if you're rebuilding (inaudible), it still feels like you've been pretty cautious. I mean if I use the 8 points, there's a huge number. So just trying to think about just how cautious you being right now versus how you've been in recent years and recent cycles.

Question: Teik L. Goh - RBC Capital Markets, Research Division - Analyst : Just 2 quick questions, please. The first one is just on the 8% risk-adjusted rate change. Can you say what's the level of inflation and risk adjustment that you've assumed within that, please? And the second one is just on NatCat. What's the volume of premiums that you have today after the January renewal?

Question: Teik L. Goh - RBC Capital Markets, Research Division - Analyst : Yes. Just in terms of your NatCat premiums, what's the volume of business you have today after the general renewals? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 08, 2023 / 9:30AM, HNRGn.DE - Hannover Rueck SE Property & Casualty Treaty Renewals Corporate Call

Question: Teik L. Goh - RBC Capital Markets, Research Division - Analyst : Specifically on the NatCat exposed, I'm not sure which way you quantify it but I mean both would be great.

Table Of Contents

Hannover Rueck SE Q4 2023 Earnings Press Conference Transcript – 2024-03-18 – US$ 54.00 – Edited Transcript of HNRGn.DE earnings conference call or presentation 18-Mar-24 1:00pm GMT

Hannover Rueck SE Q3 2023 Earnings Call Transcript – 2023-11-09 – US$ 54.00 – Edited Transcript of HNRGn.DE earnings conference call or presentation 9-Nov-23 9:30am GMT

Hannover Rueck SE Q2 2023 Earnings Call Transcript – 2023-08-09 – US$ 54.00 – Edited Transcript of HNRGn.DE earnings conference call or presentation 9-Aug-23 7:30am GMT

Hannover Rueck SE Q1 2023 Earnings Call Transcript – 2023-05-11 – US$ 54.00 – Edited Transcript of HNRGn.DE earnings conference call or presentation 11-May-23 8:30am GMT

Hannover Rueck SE Q4 2022 Earnings Call Transcript – 2023-03-09 – US$ 54.00 – Edited Transcript of HNRGn.DE earnings conference call or presentation 9-Mar-23 1:00pm GMT

Hannover Rueck SE Update On IFRS 17 Conference Call Transcript – 2023-02-01 – US$ 54.00 – Edited Transcript of HNRGn.DE conference call or presentation 1-Feb-23 10:59am GMT

Hannover Rueck SE Q3 2022 Earnings Call Transcript – 2022-11-03 – US$ 54.00 – Edited Transcript of HNRGn.DE earnings conference call or presentation 3-Nov-22 9:30am GMT

Hannover Rueck SE Investor Day Transcript – 2022-10-06 – US$ 54.00 – Edited Transcript of HNRGn.DE corporate analyst meeting</ 6-Oct-22 7:30am GMT

Half Year 2022 Hannover Rueck SE Earnings Call Transcript – 2022-08-04 – US$ 54.00 – Edited Transcript of HNRGn.DE earnings conference call or presentation 4-Aug-22 10:59am GMT

Hannover Rueck SE Q1 2022 Earnings Call Transcript – 2022-05-04 – US$ 54.00 – Edited Transcript of HNRGn.DE earnings conference call or presentation 4-May-22 10:59am GMT

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MLA:
Thomson StreetEvents. "Hannover Rueck SE Property & Casualty Treaty Renewals Corporate Call Transcript" Feb 08, 2023. Alacra Store. May 14, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Hannover-Rueck-SE-Property-Casualty-Treaty-Renewals-Corporate-Call-T15465872>
  
APA:
Thomson StreetEvents. (2023). Hannover Rueck SE Property & Casualty Treaty Renewals Corporate Call Transcript Feb 08, 2023. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Hannover-Rueck-SE-Property-Casualty-Treaty-Renewals-Corporate-Call-T15465872>
  
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