0718 GMT - Hannover Re's update on its renewals of traditional property and casualty reinsurance as of Jan. 1 is likely to disappoint, Keefe, Bruyette & Woods's Darius Satkauskas says in a note. The German reinsurer said it expanded its treaty reinsurance portfolio by 3.3% at the Jan. 1 renewals, with a 3.2% decline in risk-adjusted prices. In light of market forecasts for Hannover Re to increase reinsurance revenue by 4.8% this year and 5.4% next, the update likely misses expectations, the analyst says. "Following [French peer] Scor's renewals disclosure [Wednesday], the market likely became somewhat more optimistic about growth, implying that the deterioration in written margins was broadly in line with the expectations," Satkauskas says. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

February 05, 2026 02:18 ET (07:18 GMT)

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