Hannover Rueck's Executive Succession Is Welcomed -- Market Talk

Dow Jones

2024/11/08

1154 GMT - Hannover Rueck's internal executive succession is comforting, RBC Capital Markets says in a note. The German reinsurer announced that CEO Jean-Jacques Henchoz would be stepping down and current CFO Clemens Jungsthoefel would replace him on April 1. "We expect a continuity of the firm's existing strategy, one which we believe is well appreciated by the market and backed by one of the industry's leading [return on equity] track record," analysts Derald Goh and Mandeep Jagpal write. They welcome Jungsthoefel's appointment, as well as that of incoming CFO Christian Hermelingmeier, who joins from HDI Global. Shares slip 0.8% to 237.2 euros and are up 9.7% year to date. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

November 08, 2024 06:54 ET (11:54 GMT)

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The German reinsurer announced that CEO Jean-Jacques Henchoz would be stepping down and current CFO Clemens Jungsthoefel would replace him on April 1. \"We expect a continuity of the firm's existing strategy, one which we believe is well appreciated by the market and backed by one of the industry's leading [return on equity] track record,\" analysts Derald Goh and Mandeep Jagpal write. They welcome Jungsthoefel's appointment, as well as that of incoming CFO Christian Hermelingmeier, who joins from HDI Global. Shares slip 0.8% to 237.2 euros and are up 9.7% year to date. 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The German reinsurer announced that CEO Jean-Jacques Henchoz would be stepping down and current CFO Clemens Jungsthoefel would replace him on April 1. \"We expect a continuity of the firm's existing strategy, one which we believe is well appreciated by the market and backed by one of the industry's leading [return on equity] track record,\" analysts Derald Goh and Mandeep Jagpal write. They welcome Jungsthoefel's appointment, as well as that of incoming CFO Christian Hermelingmeier, who joins from HDI Global. Shares slip 0.8% to 237.2 euros and are up 9.7% year to date. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4019":"再保险","HVRRY":"Hannover Re"},"translate_title":"汉诺威鲁克的高管继任受到欢迎——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVRRY":0.9},"content_text":"1154 GMT - Hannover Rueck's internal executive succession is comforting, RBC Capital Markets says in a note. 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