Premiums for vessels using the Gulf and the Strait of Hormuz are set to rise by up to 50% after Iran’s retaliatory strikes on US targets in the Middle East.
The reinsurer’s insurance revenue fell to $43.1bn (SFr33.26bn) from $45.6bn in 2024.
The company’s operating profit for the year stood at €17.4bn ($20.55bn), an 8.4% increase over the previous year.
The company’s total GWP and other revenues climbed 6% to €116bn ($137.07bn).
Founded in 1920 and based in Bremen, KROSE provides commercial insurance and reinsurance services to large corporates across Germany.
