Ship insurers to cancel war risk cover for Russia, Ukraine starting Jan. 1 [Globe and Mail, The (Toronto, Canada)]
HANNOVER RE SE S/ADR (HVRRY)
NASDAQ:AMEX Investor Relations:
hannover-re.com/122688/investors
Company Research
Source: Globe and Mail, The
Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them the first opportunity to scale back exposure since the war in Ukraine started, after being hit this year by losses related to the conflict and from Hurricane Ian in Florida. P&I (protection and indemnity) clubs American, North, U.K. and West are no longer able to offer war risk cover for some liabilities in the region from Jan. 1, they said in recent notices on their websites. The clubs are among the biggest P&I insurers who cover around 90 per cent of the world's ocean-going ships. U.K. P&I Club said on Dec. 23 that the issue had arisen because of a lack of availability of reinsurance for reinsurers, also known as retrocession. “The Club's reinsurers are no longer able to secure reinsuranc
Show less
Read more
Impact Snapshot
Event Time:
HVRRY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HVRRY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HVRRY alerts
High impacting HANNOVER RE SE S/ADR news events
Weekly update
A roundup of the hottest topics
HVRRY
News
- AM Best Affirms Credit Ratings of Hannover Rück SE and Its Main Subsidiaries [Yahoo! Finance]Yahoo! Finance
- Hannover Ruck (OTCMKTS:HVRRY) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- German reinsurer Hannover Re lifts outlook despite weaker Q3 [Yahoo! Finance]Yahoo! Finance
- Hannover Ruck (OTCMKTS:HVRRY) was downgraded by analysts at Royal Bank Of Canada from a "moderate buy" rating to a "hold" rating.MarketBeat
- Hannover Ruck (OTCMKTS:HVRRY) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat