Hannover Re

Hannover Re is set to become the first professional reinsurer of substance to take more in life reinsurance premiums than it does from its property/casualty operations. In an outlook for the year ahead the company predicted an overall 20% increase in gross premiums levels for 2000, adding that, once again, life and health operations would grow most rapidly. The company expects to write €2.75bn of p/c business, an increase of 6% and €3.0bn of life and health reinsurance, an increase of 36%.