Hannover Re’s results insulated from market softening

Rates increase obtained for seventh successive season • Eureko strikes Turkey deal • AXA buys in Italy

Incipient market softening (of property and casualty reinsurance rates) will not make itself felt in Hannover Re’s results before 2008/2009, according to the company’s CEO Wilhelm Keller, by which time the effects of winter storm Kyrill should have had a favourable influence on European catastrophe rates.