Digital Publisher of the Year 2010
|
|
|
Hannover Re and Swiss Re shares in market sell-off
- Katherine Blackler
- 08 Feb 2010
- Be the first to comment
Shares in Hannover Re and Swiss Re were battered in trading on Tuesday on continuing capital concerns.
For Swiss Re, continued worries about the reinsurer's investment capital sent the Swiss (re)insurer's share price dropping nearly 4%, or 1.67 CHF to 42.91. This followed a note by Societe Generale that Swiss Re could have be at risk from ABS CDOs.
However, analysts at JP Morgan reiterated their confidence that Swiss Re would be able to pay back its debt to Berkshire Hathaway, and could regain their AA- credit rating later in the year.
Hannover Re's share price gave back most of the gains it had made for shareholders in 2009, falling back to €30.74, or over 1.73% on Monday.
Last week Hannover Re said that it was cautious about its prospects for 2010, and lowered its EBIT margin goal.
Latest news
You may also like
Latest white papers
An audience with: Julian James, CII president
Next year sees the Chartered Insurance Institute celebrate the centenary of its being granted a Royal Charter. But far from sitting back and reflecting on past glories, the CII is determined to use its anniversary year to tackle the big issues set to impact the industry over the next 100 years.
James Portelli
Middle East Guest Blog: Firm Foundations
James Portelli
Guest blog: Market cycles, cost of reinsurance and the Middle East
James Portelli
Guest blog: GCC markets and the 2012 Crystal Ball
Against the grain 2011: A series of guest articles from expert commentators
Designed to stimulate new ideas, fresh thinking and innovation in the motor claims market.
The new world for insurance: business perspectives on phase II
Based on discussions with key global insurance companies about the business issues for the insurance industry in transitioning to Phase II.
Exploiting the single customer view to maximise the value of customer relationships
This briefing paper examines the key issues, drivers and challenges that insurers face in achieving and exploiting a single view of their customers.
Platinum partner
Insurance Insight is brought to you in association with Ernst & Young
Digital Publisher of the Year 2010
Visitor comments Add your comment