• Home
  • Articles
  • Ultimate irony: Hannover Re stock downgraded by Goldman Sachs

Ultimate irony: Hannover Re stock downgraded by Goldman Sachs

Hannover Re's purchase of the Clarendon insurance group is already causing the German reinsurer problems. On April 1, less than five weeks after the deal was completed, Hannover Re's stock was downgraded by investment bank Goldman Sachs due to concerns over Clarendon's exposure to the now infamous Unicover reinsurance pool.