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Hannover Re to post €600m 2011 net income

13 February 2012

German reinsurer's 2011 results will include net burden of losses from the flooding in Thailand of €196m.

German reinsurer Hannover Re has said it will generate group net income of Eu600m ($792m) for 2011, based on preliminary figures.

"The company will thus comfortably surpass its profit target of at least Eu500m," said Hannover Re.

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