Moderate loss for Hannover Re from the sunken drilling rig

29 April 2010 Hannover Re

The drilling rig "Deepwater Horizon" that sank in the Gulf of Mexico will also result in a major loss for Hannover Re.

On the basis of a conservative evaluation of the current - still vague - information, the Group is expecting a net loss of approx. EUR 40 million. "Therewith, we remain considerably below our major loss expectancy for the second quarter", confirmed CEO Ulrich Wallin.

	Limited career growth and development opportunities
	Restrictive product offerings that don’t meet all client needs
	A lack of support or recognition from Financial Services Providers (FSPs)
	Changing client expectations and shifting market trends
	High administrative and compliance burdens that limit time with clients
	Difficulty in differentiating my value in a competitive market
	Increased pressure to integrate technology and digital tools into my practice
	Navigating economic uncertainty and its impact on clients’ financial decisions
	Balancing business growth with maintaining strong client relationships
	The unpredictability of commission-based earnings

Moderate loss for Hannover Re from the sunken drilling rig

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