Hannover Re boosts P&C profit despite Tianjin loss

Hannover Re's P&C division lifted its third quarter
operating profits by 8.2 percent year-on-year to EUR352.6mn, as the
carrier reported a net EUR95.9mn of losses from the Tianjin port
explosion.
But a downturn in life and health profits led to a 1.5 percent
dip in the group's operating profits for the period, which
totalled EUR400.9mn.
Strong growth in net earned premium income helped Hannover Re
report improved underwriting results, as the reinsurer continued to
lift its gross written prem