The Annual General Meeting of reinsurance giant Hannover Re saw the approval of all proposed resolutions by a large majority, including the appointment of Jean-Jacques Henchoz as Chief Executive Officer (CEO) and the election of Torsten Leue as Chairman of the Supervisory Board.
Departing CEO Ulrich Wallin addressed shareholders today at the reinsurer’s Annual General Meeting, noting a solid performance in 2018 despite the impacts of catastrophe events.
Outgoing Chairman of the Supervisory Board, Herbert Haas, also commented on the 2018 performance, and also thanked the outgoing CEO for his outstanding leadership over the past ten years.
“With this result Hannover Re has delivered a double-digit return on equity for the tenth consecutive year and thereby clearly demonstrated its sustained profitability,” said Haas.
As previously announced, Henchoz took over as CEO at the conclusion of the Annual General Meeting.
At the same time, Leue was elected Chairman of the Supervisory Board, replacing Haas, who chaired the board since May 5th, 2009. Haas will continue to serve as a member of the Supervisory Board.
The reinsurer has also announced that Dr. Michael Ollmann was elected as a new member of the Supervisory Board, replacing Dr. Immo Querner.
A proposed dividend of €5.25 per share for the 2018 financial was also approved at the Annual General Meeting.
