Hannover Re expects to increase its general reinsurance book by 3.5% after a “satisfactory” renewals period.

The German reinsurer says after putting two-thirds of its €4.377 billion ($6.61 billion) book up for renewal in January, gross premium is expected to top €4.53 billion ($6.84 billion).

Proportional treaties in North America remained strong, while non-proportional rates were stable.

Renewals in Germany also fared better than expected; motor liability rose 5% in non-proportional lines while prices in aviation renewals rose by double digits.

A Hannover Re statement says the company is expecting “healthy profitability” this year despite pricing pressure in property lines.