Hannover Re, with gross premium of EUR 16.4 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 2,900 staff. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück very strong insurer financial strength ratings: Standard & Poor’s AA- “Very Strong” and A.M. Best A+ “Superior”.
Hannover Re’s specialised Credit, Surety and Political Risk Division is one of the market leaders in this segment. It has long-term expertise and provides reinsurance cover to more than 250 ceding companies worldwide.
Hannover Re seeks to enhance its position as a large, globally operating reinsurer by increasing its profit as well as the value of the company by a double-digit percentage every year. The principal shareholder is HDI Haftpflichtverband der Deutschen Industrie V.a.G., which holds 50.2% of Hannover Re’s shares via Talanx AG.
Hannover Re was established in 1966 under the name “Aktiengesell¬schaft für Transport- und Rückversicherung”. Becoming a listed com¬pany in 1994, Hannover Re took a major step forward in its future development. In 1996 the Group was restructured; Eisen and Stahl Rück (today E+S Rück) was integrated into the Hannover Re Group and positioned as a specialist reinsurer for the German market. Today, the company ranks as the second-largest reinsurer in the German market and number three in the world according to its gross premium income.
Highlights in 2017
• In March the company was able to post its fifth consecutive record year. The net income reached EUR 1.17 billion and thus comfortably beat its profit target of EUR 950 million. The book value per share reached an all-time high of EUR 74.61.
• Hannover Re acquired the UK holding company Argenta Holdings plc. By making this acquisition Hannover Re has gained additional access to international and London Market business.
• Hannover Re’s credit, surety & political risk business continues to be very stable based on many long-term client relationships to which we selectively add new customers.
Ulrich Wallin – Chairman
Sven Althoff (inter alia responsible for the Credit, Surety and Political Risk Division),
Life & Health
Claude Chèvre, Klaus Miller
Phone +49 511 5604 1338
Fax +49 511 5604 3338