Hannover Re shares down 8% on Q2 miss

Shares in Hannover Re fell more than 8 percent this morning (4
August) following the publication of second quarter results that
missed the analyst consensus by 12 percent.
Second quarter P&C net income at Hannover Re fell 30 percent
year-on-year to EUR172mn ($192mn), driven by a weaker underwriting
result.
As of 9.30am London time, Hannover Re stock was down 8.47
percent to EUR83.42.
Keefe Bruyette & Woods analyst William Hawkins said it was
"not a pretty quarter" for the German...