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Hannover Re raises profit outlook as Swiss Re receives UBS upgrade
Hannover Re's shares surged by 3.5% following an optimistic profit outlook, recovering from a recent decline. The reinsurer anticipates a profit of €2.3 billion for the year, aligning with analyst expectations, while Swiss Re's shares rose after UBS upgraded its rating to buy. CEO Jean-Jacques Henchoz will transition to CFO Clemens Jungsthöfel in April 2025.
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