Hannover Re has reported a strong start to 2006, with the release of it first quarter results.
Operating profit for the group surged 38.6% to €214.3m, compared to €154.6m in the first quarter of 2005.
Gross written premiums rose 8.9% to €2.85bn up from €2.62bn for the same period in 2005, with net premiums earned up 12.2% to €2bn (€1.78bn).
Chief executive Wilhelm Zeller said: "With our quarterly result we have taken a first major step towards achieving our defined profit target for 2006."
