This $15 Billion Reinsurer Decided to Get Out of Stocks Entirely
The headquarters of Hannover Reinsurance sit in Hannover, Germany.
Photographer: CHRISTIAN BEHRENSThis article is for subscribers only.
For Hannover Re, the world’s third-biggest reinsurer, it’s time to take profits in the stock market.
The German company said on Wednesday that it sold its entire stock portfolio, worth about 953 million euros ($1.1 billion), to help pay for claims from hurricanes and earthquakes.