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HVRRY Hannover Rueckversicherung SE (PK)

41.11
-1.65 (-3.86%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Hannover Rueckversicherung SE (PK) USOTC:HVRRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -1.65 -3.86% 41.11 40.70 41.92 41.915 41.11 41.55 34,009 21:04:05

Admiral Extends UK Reinsurance Arrangements

12/02/2014 7:58am

Dow Jones News


Hannover Rueckversicherung (PK) (USOTC:HVRRY)
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LONDON--Insurer Admiral Group PLC (ADM.LN) said Wednesday it has extended its existing U.K. Car Insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re to at least the end of 2016.

MAIN FACTS:

-There has been no material change to the cost or contractual terms of these arrangements.

-Extended reinsurance arrangements are in addition to the current agreement with Munich Re (covering 40% of the U.K. business), which runs to at least the end of 2018.

-Admiral shares closed Tuesday at 1438 pence valuing the company at 3.97 billion pounds.

-Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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