Moderate loss for Hannover Re from the sunken drilling rig
29 April 2010 | Company News & Results | General | 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.
